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Ariel Reinsurance Co. Ltd.
Standard & Poors, March 2011
Abstract
Strong capital. Strong operating results since its inception in 2005. Strong and improving competitive position. Relatively short track record. Potential earnings volatility, given high-severity exposure. Limited financial flexibility. The insurer financial strength rating on Ariel Reinsurance Co. Ltd. (Ariel Re), which is domiciled in Bermuda, reflects the company's strong capital, strong operating performance since its inception in 2005, and strong and improving competitive position. Offsetting these strengths are the company's relatively short track record and its potential earnings volatility, reflecting its high-severity exposure. However, partially mitigating this volatility is the diversification (via quota share) provided by the book of business Ariel acquired through its acquisition of Atrium Underwriting in 2007. Ariel Re is a subsidiary of Ariel Holdings Ltd. (not
Article Type:FULL
Companies mentioned in this report are: Ariel Reinsurance Company Ltd.
Action: Review
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