Global reinsurance business Ariel Re has announced the appointment of Katie Partington Howarth as its Chief Capital Officer (CCO).
This newly created role will be pivotal in shaping Ariel Re’s capital strategy and overseeing investor relations.
Based in Bermuda, Partington Howarth will report directly to Chief Executive Officer Ryan Mather.
Her primary responsibilities will include sourcing external capital and managing Ariel Re’s capital strategy to ensure the company’s continued growth and success in the reinsurance market.
Partington Howarth returns to Ariel Re, having been one of the company’s earliest hires in 2005. She played a crucial role in the development of the business, rising to the position of Head of Underwriting Risk before the company was acquired by Argo Group in 2017.
Most recently, she served as the Chief Underwriting Officer at Axis Re. Partington Howarth will officially assume her role on June 1.
Under the leadership of Chief Financial Officer Mike Pedraja, Ariel Re’s team has already attracted substantial underwriting capital for 2023, including a previously announced investment of $270 million in March.
Expressing her enthusiasm, Partington Howarth stated, “I am delighted to be returning to Ariel Re in this exciting period of growth for the company as we seek to work with our capital partners and take advantage of the best opportunities in the market. Ariel Re has a well-earned reputation as a premier manager of reinsurance risk, and I look forward to working with Ryan and Mike to continue their success.”
CEO Mather also expressed his excitement about Partington Howarth’s return, saying, “We are excited to have Katie rejoin Ariel Re and facilitate our growth as we seek to take advantage of the hardening property market. Katie brings extensive knowledge of the insurance and reinsurance industries, having served in a variety of senior leadership roles. We look forward to her contributions in raising and managing our future capital.”
