Multi-line, specialty reinsurer Ariel Re – which was sold by Argo Group to Pelican Ventures and J.C. Flowers in 2020 – now has in-principle approval to establish a Lloyd’s managing agent.
The green light brings Ariel Re Managing Agency (ARMA) to life. Subject to regulatory permissions, the new company is expected to manage the business of Lloyd’s Syndicate 1910 and SPA 6117 from early next year.
Meanwhile, Ariel Re has made the following appointments in London:
|
Name |
Position |
Credentials (non-exhaustive) |
|
Jon Poole |
Chief actuary |
Catlin, Montpelier Re, Ariel Re UK (2015-2017), Blenheim Underwriting |
|
Natalie Dick |
Compliance manager |
Amlin, Chubb, Ark, Barbican, Arch Insurance |
|
Martin Vincent |
Syndicate controller |
Chubb, Omega, Argo, Hiscox |
|
Anouchka Gokhool |
ARMA chief financial officer |
Catlin, Tokio Marine Kiln, Hiscox |
|
Rebecca Knowles |
ARMA chief risk officer |
EMB/Towers Watson, Catlin, Asta Capital |
|
Mark De Saram |
ARMA board chair |
Stewart Wrightson, NRG Victory, Transatlantic Re, Everest Re |
|
Susan Sharrock Yates |
ARMA audit committee chair |
Diageo, Rentokil, Aviva, Friends Life Pension |
|
Belinda Schofield |
ARMA risk committee chair |
Ed Broking, Tysers Insurance Brokers, Association of Lloyd’s Members, CMS |
De Saram, Sharrock Yates, and Schofield are joining the ARMA board in October.
“We are pleased to announce the establishment of our new Lloyd’s managing agent, Ariel Re Managing Agency,” said Ariel Re chief executive Ryan Mather. “This is an important strategic milestone for Ariel Re and will allow us to achieve operating efficiencies and strengthen relationships with Lloyd’s and the UK regulators.
“We are also delighted to welcome such high-calibre talent to the ARMA team. These are all highly experienced executives in the reinsurance industry, and we are excited to see what this team can achieve as they build ARMA into a market-leading managing agent in Lloyd’s.”
