Standard & Poor’s Ratings Services has followed up on its analysis of its ratings for Bermuda-based Ariel Reinsurance Co. Ltd. following the announcement that it is selling its Bermuda-based business to Arrow, a unit of Goldman Sachs, and its credit …
The selloff of various parts of Ariel Re continues, as Arch Capital announced that it will acquire Ariel Re’s Credit & Surety reinsurance operations based in Zurich. The news follows an earlier announcement that Goldman Sachs is acquiring Ariel Re’s …
Both A.M. Best and Standard & Poor’s issued bulletins following the announcement that Ariel Re was selling off its Bermuda-based reinsurance business to Arrow, a unit of investment Bank Goldman Sachs, and its trade credit and surety (C&S) operations, which …
Goldman Sachs Group said it is acquiring Ariel Reinsurance’s Bermuda-based insurance and reinsurance operations, which it will combine with its existing business underwritten through Lloyd’s Syndicate 1910. The purchase price of the transaction was not disclosed. The acquired business will …
A.M. Best Co. has affirmed the financial strength rating (FSR) of’ ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of Bermuda-based Ariel Reinsurance Company Ltd., as well as the ICR of “bbb-” of Ariel Holdings, Ltd. The outlook for …
Bermuda-based Ariel Reinsurance Company, the reinsurance subsidiary of Ariel Holdings Ltd., announced that its initial estimate of losses incurred from catastrophe events in the first quarter of 2011 – the Christchurch earthquake, Cyclone Yasi, Australian flooding, Gryphon Alpha and the …
