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Home . International Insurance News . Americas | Canada | Mexico . Arch Capital Completes Its Acquisition of Credit & Surety Reinsurance Operations of Ariel Re

Arch Capital Completes Its Acquisition of Credit & Surety Reinsurance Operations of Ariel Re

Tuesday, April 10, 2012

HAMILTON, Bermuda – (BUSINESS WIRE) – April 10, 2012 – Arch Capital Group Ltd. [Nasdaq: ACGL] today announced that it acquired Ariel Re’s Credit & Surety reinsurance operations based in Zurich. The former Ariel Re Credit & Surety team joined the Zurich branch office of Arch Reinsurance Europe Underwriting Limited (Arch Re Europe). The team is operational, and Arch Re Europe anticipates a seamless transition for service to both clients and intermediaries. Arch Re Europe is rated "A+" by Standard & Poor’s.
 
Arch Capital Group Ltd., a Bermuda-based company with approximately $5.03 billion in capital at December 31, 2011, provides insurance and reinsurance on a worldwide basis through its wholly owned subsidiaries.


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