Goldman Sachs To Take On Ariel Re's Insurance Operations

Law360, New York (March 1, 2012, 4:13 PM EST) -- Goldman Sachs Group Inc. will acquire the Bermuda-based insurance and reinsurance operations of an Ariel Holdings Ltd. subsidiary, which will operate as part of Goldman Sachs Reinsurance Group., the buyer announced Thursday.

Ariel Reinsurance Co. Ltd.’s business will be combined with New York-based Goldman Sachs’ existing business through Lloyd’s Syndicate 1910, Goldman Sachs said. A purchase price was not disclosed.

“The Ariel franchise adds scale, breadth and a deep talent pool from which to better serve our clients,” Goldman Sachs’ property and casualty reinsurance managing director...
To view the full article, register now.