Reinsurance News

Ariel Re

Ariel Re unveils ‘Ariel Green’ rebranding to spearhead sustainability in clean energy

26th September 2023

In a bold move to champion sustainability and bolster the clean energy sector, global reinsurer Ariel Re has officially rebranded its Clean Energy division as "Ariel Green." Recognising the pivotal role of Technology Performance Insurance in advancing innovations within solar, energy storage, hydrogen, and bioenergy, Ariel Green aims to combat climate ... Read the full article

Ariel Re expands partnership with CyberCube to strengthen cyber risk analytics

7th August 2023

In a strategic move to bolster its cyber risk analytics capabilities, Ariel Re, global reinsurance business, has announced an expanded partnership with cyber risk analytics trailblazer CyberCube. This extension involves the licensing of CyberCube's Industry Exposure Databases and Portfolio Manager APIs, further solidifying Ariel Re's position as a premier manager of ... Read the full article

Ariel Re names Katie Partington Howarth as Chief Capital Officer

30th May 2023

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 ... Read the full article

Ariel Re promotes 12 staff in London and Bermuda offices

22nd March 2023

Global reinsurance business Ariel Re has announced the promotion of twelve staff in its London and Bermuda offices. They cover a range of roles from underwriting and accounting through to analytics and portfolio management. According to the announcement, these promotions are part of Ariel Re’s drive to be an ‘academy firm’ where ... Read the full article

Ariel Re leverages Lloyd’s LB2 structure as it raises $270m of new capital for growth

6th March 2023

Global reinsurer Ariel Re has secured $270 million of capital from investors as it looks to take advantage of exciting growth opportunities in the year ahead. The new capital was raised from five new institutional investors and family office investors, while existing backers Pelican Ventures and JC Flowers & Co have ... Read the full article

Ariel Re obtains $125m of cover with third Titania Re cat bond

27th February 2023

Global reinsurer Ariel Re has announced the successful completion of its third catastrophe bond, Titania Re III, which provides it with $125 million of collateralized reinsurance cover for named storms and earthquakes. The bond applies to these perils in all US States, Puerto Rico, the US Virgin Islands and Canada with ... Read the full article

Ariel Re hires cleantech specialist Tad Dritz as Senior Risk Analyst

28th November 2022

Global reinsurer Ariel Re has appointed clean energy and renewables technology consultant Tad Dritz as a Senior Risk Analyst. In this role, Dritz will help the company to evaluate the technical risks associated with clean energy technologies, including biofuels, bioenergy, battery storage, fuel cells, hydrogen and solar. Dritz also works as an ... Read the full article

Ariel Re focused on discerning risk selection amid market uncertainty at upcoming renewals

16th November 2022

With the January reinsurance renewals just a couple of months away, there are a number of different factors that could impact property renewals. The hard market has been gaining momentum and been sent into overdrive by Hurricane Ian. Added into this mix are the macro-economic factors such as inflation, and ... Read the full article

“Many carriers are pulling out of property cat, but we are not afraid”: Ariel Re’s Maccioni

1st November 2022

With a growing number of reinsurers cutting capacity for property catastrophe re/insurance and causing a hard market, Reinsurance News had the chance to speak to Ariel Re’s London-based Property Underwriters Tom Orton and Giovanni Maccioni ahead of the January renewals about the company’s current appetite and future plans for property ... Read the full article

Ariel Re gets green light for Lloyd’s Managing Agent

4th October 2022

Global reinsurer Ariel Re has been granted regulatory approval to launch a Managing Agent at Lloyd's of London, a statement from the company has confirmed. The company received approval from the Prudential Regulatory Authority, the Financial Conduct Authority and Lloyd’s to commence the new operation, called Ariel Re Managing Agency (ARMA). Once ... Read the full article

Ariel Re becomes signatory of Standards Board for Alternative Investments

1st September 2022

Ariel Re has become the first Lloyd’s business to become a signatory of the Standards Board for Alternative Investments (SBAI). The SBAI is a non-profit alliance of allocators and asset managers supported by over 250 institutional investors and investment managers, which has created an Alternative Investment Standards framework. However, its website claims ... Read the full article

Reinsurers need to rebuild confidence: Ariel Re CEO

10th June 2022

Ariel Re CEO Ryan Mather has asserted that the reinsurance industry needs to work to rebuild confidence in the sector, following a period of challenging conditions and inadequate returns. Speaking in an interview with Reinsurance News, Mather discussed the thinking behind Ariel Re’s "front foot" approach to catastrophe risk and the ... Read the full article

Ariel Re provides performance guarantee cover for sustainable waste firm

26th April 2022

Bermuda-based reinsurer Ariel Re has insured the long-term performance warranty of Ecogensus, a technology firm focused on delivering sustainable waste management solutions. Through its Lloyd’s Syndicate 1910, Ariel Re will provide insurance coverage to backstop comprehensive performance guarantees for Ecogensus’ recyclers, which process solid waste into high performance biofuels. In addition to ... Read the full article

Berkshire Hathaway’s NICO invests in Ariel Re

10th January 2022

National Indemnity Company (NICO), part of Warren Buffett's insurance and reinsurance firm Berkshire Hathaway, has expanded its strategic alignment with reinsurer Ariel Re through an investment and multi-year quota share agreement. NICO has both invested in Ariel Re Convertible Notes and extended its underwriting commitment to Ariel Re's Syndicate 1910 at ... Read the full article

Ariel Re sponsors its second cat bond of 2021

22nd December 2021

Ariel Re, a multi-line reinsurer which operates principally through Syndicate 1910 at Lloyd's, has sponsored a catastrophe bond issued by a Bermudian special purpose insurer Titania Re Ltd. (Series 2021-2). The latest cat bond from Ariel Re provides the company with $175 million of multi-year collateralised reinsurance protection against North ... Read the full article