Ariel Re has announced the promotion of nine employees across its London and Bermuda offices, which the company says reflects its internal development strategy.
The promotions span various departments, including underwriting, actuarial, IT, and portfolio management.
The reinsurance firm, which operates globally with offices in Bermuda, London, and Hong Kong, has positioned itself as what it describes as an "academy firm" focused on career development for professionals in the re/insurance sector.
Among the employees promoted are:
Lindsay Hyland (pictured above), head of human resources, said that supporting and investing in personnel is central to the company’s development model.
The company announced a similar swathe of promotions in April last year, elevating 13 of its staff across its Bermuda and London locations. That round of promotions spanned a diverse range of functions within the company, including software development, underwriting, accounting, portfolio management, analytics, and actuarial roles.
In 2024, Ariel Re demonstrated significant financial growth and improved underwriting performance. The company secured approval from Lloyd’s to increase its premium by approximately 25% for the year.
Additionally, Ariel Re successfully raised US$270 million in capital from five new institutional and family office investors to support these growth initiatives.
A notable achievement was the improvement in the combined ratio for Syndicate 1910, which decreased from 106% in 2022 to 48% in 2023, indicating enhanced profitability.
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