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 Turnaround Under Zaffino Sets Stage for New Leadership 
Roof Costs Soar Even as Claims Decline: Verisk 
MMA Alleges Broker Patriot Poached 11 Surety Team Members 
Judge Won’t Bend on $256M Defamation/RICO Verdict Against Human Rights Lawyer 
