Reinsurance News

Ariel Re

Ariel Re collaborates to minimise solar project financial risk

4th December 2019

Ariel Re, which is a member of Argo Group, PV Evolution Labs and Beecher Carlson Insurance Services, LLC have announced the launch of PV PlantProtect, an insurance program designed to reduce solar project financial risk. The new solution is a first-of-its-kind risk mitigation and insurance program that leverages technical due diligence ... Read the full article

Sean Kelly joins Ariel Re from Tokio Millennium Re

23rd May 2019

Ariel Re has named Sean Kelly as Senior Vice President (SVP), Specialty Underwriter, Credit and Financial products, effective June 10th, 2019. In his new role, Kelly will report to Ariel Re's Head of Professional Lines and Casualty Treaty Underwriting - Bermuda, Stephen O'Flynn. Kelly brings over 20 years of industry experience to ... Read the full article

Stephen O’Flynn joins Ariel Re from Tokio Millennium Re

22nd May 2019

Ariel Re, a member of Argo Group, has named Stephen O'Flynn as its Head of Professional Lines and Casualty Treaty Underwriting, Bermuda, effective June 10th, 2019. In his new role, O'Flynn will report to Deputy Global Head of Reinsurance at Ariel Re, Matthew Wilken. He will be tasked with establishing, underwriting ... Read the full article

Argo estimates Q3 cat losses of up to $110 million

17th October 2017

Specialty insurer and reinsurer, Argo Group International Holdings, Ltd., has announced estimated catastrophe losses for the third-quarter of 2017 of between $85 million and $110 million, pre-tax and net of reinsurance, reinstatement premiums and expected profit commissions. The reinsurer attributes much of the loss to hurricanes Harvey, Irma, and Maria, as ... Read the full article

Situation in London & other re/insurance markets unsustainable: Argo CEO Watson

10th September 2017

The situation in London and similar insurance and reinsurance markets is "unsustainable" as soft pricing, excess capital and high competition are leading underwriters to make decisions they may regret, according to Argo Group CEO Mark E. Watson III. In a letter to shareholders Argo CEO Watson recognises the tough re/insurance market ... Read the full article

Argo expands in reinsurance thanks to Ariel Re acquisition

8th August 2017

Argo Group International Holdings, Ltd. has expanded its reinsurance portfolio with the help of the scale and reach added following the acquisition of Ariel Re. Overall Argo has increased its gross written premiums by almost 23% to $687.2 million in Q2 2017, but in its international business the reinsurance growth ... Read the full article

Ariel Re to use Xuber software across Lloyd’s and Bermuda platforms

1st March 2017

Reinsurance firm Ariel Re, which was recently acquired by Argo Group, is implementing the Xuber for Reinsurers software platform across its Lloyd’s and Bermuda businesses. By adopting the Xuber technology Ariel Re is replacing its existing legacy systems with a single platform that offers end-to-end business processing and financial reporting for ... Read the full article