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
Was this article valuable?
Here are more articles you may enjoy.
AIG’s Zaffino: Outcomes From AI Use Went From ‘Aspirational’ to ‘Beyond Expectations’ 
Judge Tosses Buffalo Wild Wings Lawsuit That Has ‘No Meat on Its Bones’ 
Experian Launches Insurance Marketplace App on ChatGPT 
Lemonade Books Q4 Net Loss of $21.7M as Customer Count Grows 
