Ariel Re opens with an A- from AM Best
Ariel Reinsurance has started underwriting as a Class 4 Bermuda licensed reinsurer following $1bn funding from its parent company, Ariel Holdings and the awarding of an A- (Excellent) rating from AM Best.
The transaction was led by The Blackstone Group, Texas Pacific Group, Thomas H. Lee Partners, Oak Hill Capital Partners, Olympus Partners, affiliates of Bain Capital, SAB Capital and Eton Park Capital
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