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 Bermuda-based reinsurance operations (See related article).
The bulletin noted that the “former Ariel Re Credit & Surety team joined the Zurich branch office of Arch Reinsurance Europe Underwriting Limited. It is now “operational,” and Arch Re Europe said it “anticipates a seamless transition for service to both clients and intermediaries.”
Source: Arch Capital Group
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