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Summary: Ariel Reinsurance Co. Ltd. Feb 12
Standard & Poors, February 2012
Standard & Poor's Ratings Services' financial strength rating on Ariel Reinsurance Co. Ltd. (Ariel Re), which is domiciled in Bermuda, reflects the company's strong operating performance, experienced management team, conservative investments, and strong liquidity. Offsetting these strengths are the company's relatively short track record, potential earnings and balance sheet volatility from high severity exposures, and limited financial flexibility. Partially mitigating this volatility is the diversification provided through Atrium Underwriting Group. Ariel Re is an operating subsidiary of Ariel Holdings Ltd. (not rated). Ariel Holdings Ltd., Ariel Re, and Atrium Underwriting Group are collectively referred to as Ariel. Ariel began operations writing property catastrophe business in the aftermath of Hurricanes Katrina, Rita, and Wilma in 2005, when reinsurance capacity was particularly...
Companies mentioned in this report are: Ariel Reinsurance Co. Ltd.
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Ariel Reinsurance Co. Ltd.