Arch Capital (ACGL) to Acquire Reinsurance Ops of Ariel Re’s Credit & Surety
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Arch Capital Group Ltd. (Nasdaq: ACGL) will acquire Ariel Re’s Credit & Surety reinsurance operations based in Zurich.
Upon the closing of the transaction, Ariel Re’s Zurich based team will transfer to the Zurich office of Arch Reinsurance Europe Underwriting Limited (Arch Re Europe) and will be fully operational with immediate effect, ensuring a seamless transition for service to both clients and intermediaries. Ariel Re’s existing Trade Credit & Surety portfolio will be reinsured by Arch Reinsurance Ltd. (Arch Re Bermuda), based in Bermuda. Both Arch Re Europe and Arch Re Bermuda are rated "A+" by Standard & Poor’s.
Upon the closing of the transaction, Ariel Re’s Zurich based team will transfer to the Zurich office of Arch Reinsurance Europe Underwriting Limited (Arch Re Europe) and will be fully operational with immediate effect, ensuring a seamless transition for service to both clients and intermediaries. Ariel Re’s existing Trade Credit & Surety portfolio will be reinsured by Arch Reinsurance Ltd. (Arch Re Bermuda), based in Bermuda. Both Arch Re Europe and Arch Re Bermuda are rated "A+" by Standard & Poor’s.
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