Argo Group International Holdings Ltd., the Bermuda-based specialty insurance and reinsurance company, has announced the appointment of Steve Eccles to serve as the chief underwriting officer for its international business, subject to regulatory approval. Eccles will begin in this role …
Argo Group International Holdings Ltd., the Bermuda-based underwriter of specialty insurance and reinsurance, announced that former Ariel Re chief executive officer, Ryan Mather, will serve as Argo’s global head of reinsurance, leading all reinsurance operations. The company’s reinsurance business will …
Argo Group International Holdings Ltd., the Bermuda-based underwriter of specialty insurance and reinsurance products, announced it has entered an agreement to acquire Ariel Re, an underwriter of global re/insurance business, for approximately $235 million in cash. The acquisition, which is …
Talbot Underwriting Ltd., a wholly owned subsidiary of Validus Holdings Ltd., announced the launch of a Lloyd’s led consortium for nuclear, biological, chemical and radiological (NBCR) terrorism. The facility will allow brokers to fully bind through one underwriter, with Talbot …
Aon Benfield Analytics’ Market Analysis team has released its latest Lloyd’s Update report, which assesses the market’s 2014 financial performance and latest developments. Key findings in the report include: The Lloyd’s market began 2015 with 92 active syndicates and slightly …
Xuber, Xchanging’s insurance software business, announced that it has been appointed by P/C reinsurer Ariel Re to provide “the Xuber ‘for Reinsurers solution suite’ for the company’s Lloyd’s and Bermuda businesses.” Xuber said the “six year contract will see the …
Ariel Specialty will commence underwriting E&S property business on March 1st, 2015, with business being written through wholesale brokers only on a limited appointment basis and on behalf of Ariel’s Lloyd’s Syndicate 1910. The new E&S property underwriting unit underwriting …
Arch Reinsurance Europe Underwriting Limited announced that Maamoun Rajeh will be appointed as the company’s President and CEO as of July 1, 2012. He will succeed Helmut Söhler, who will assume the position of Vice Chairman of Arch Worldwide Reinsurance …
The Bermuda-based Arch Capital Group announced that it has officially acquired Ariel Re’s Credit & Surety reinsurance operations based in Zurich, as previously announced. The closing occurred at the same time as the acquisition by Goldman Sachs of Ariel Re’s …
The Goldman Sachs Group and Ariel Holdings Ltd announced that Ariel Holdings has completed the sale of Ariel Reinsurance’s Bermuda-based insurance and reinsurance operations to Goldman Sachs, pursuant to the Acquisition Agreement announced on March 1, 2012. The purchase price …
