We use cookies to improve this site and enable full functionality. You can change your cookie settings at any time using your browser. Our cookie policy.

New Lloyd’s managing agent gets green light

New Lloyd’s managing agent gets green light | Insurance Business UK

New Lloyd’s managing agent gets green light

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:



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.”