Ariel Reinsurance Announces Approval as an
Admitted Reinsurer in Brazil and Opening of a
July 08, 2010 01:15 PM Eastern Daylight Time
HAMILTON, Bermuda--(EON: Enhanced Online News)--Ariel Reinsurance Company Ltd. (Ariel Re), a
Bermuda-based insurance and reinsurance company, announced today the opening of a representative office in Rio
de Janeiro, Brazil and its approval as an admitted reinsurer by the Brazilian insurance regulator, Superintendência de
Seguros Privados (SUSEP).
Ariel Re’s initial focus in Brazil will be on Surety and Trade Credit reinsurance, underwritten through its branch office
in Zurich, Switzerland, and managed by Thomas Rothenberger. Mr. Rothenberger commented, "We are pleased to
begin operations in Brazil, which is an important part of the Latin American market. We look forward to working
with our customers to identify profitable business opportunities both within Brazil and throughout the region.”
Tom Hulst, Chief Executive Officer of Ariel Re added, “The establishment of a representative office and our
admitted status demonstrates our commitment to building our operations in Brazil and is a further step in the
development of our business throughout Latin America.”
Ariel Re is a subsidiary of Ariel Holdings Ltd. (Ariel). Ariel was established in 2005 by some of the world’s leading
private equity investors.
Ariel Reinsurance Company Ltd.
Thomas Rothenberger, + 41-44-254-5209