Ariel Re Managing Agency has secured Lloyd’s approval for the formation and management of Ariel Re Syndicate 2006, authorising the syndicate to underwrite business for the 2026 year of account.
This follows confirmation from Lloyd’s Capital & Planning Group regarding the syndicate’s business plan and economic capital assessment.
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Syndicate 2006 has been formed to underwrite both specialty and property reinsurance lines.
It intends to draw on Ariel Re’s experience in areas such as marine, energy, cyber, transition and renewables as part of its growth plan.
Ariel Re provides insurance and reinsurance solutions through Syndicates 1910 and 2006 at Lloyd’s of London, as well as offices in Bermuda, London and Hong Kong.
Access is also available to Lloyd’s Europe.
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By GlobalDataAriel Re is active in property catastrophe reinsurance, providing cover for insurance companies worldwide against losses from natural disasters including hurricanes and earthquakes.
Beginning in 2026, Ariel Re will separate its Lloyd’s business through two separate syndicates: the established Syndicate 1910 and the newly created Syndicate 2006.
Syndicate 2006 will maintain a diversified portfolio including property catastrophe, other property, marine and specialty, cyber and clean energy classes. The clean energy segment will trade as Ariel Green.
From 2026 onwards, Syndicate 1910 will focus exclusively on property catastrophe reinsurance, aligning with its insurance-linked securities peers in Bermuda while retaining the benefits of operating as a rated Lloyd’s carrier.
In April this year, Ariel Re announced the appointment of Rohan Pai as chief financial officer.
Based in Bermuda, Pai is tasked with managing financial reporting and treasury functions while contributing to the company’s operational development.
Last year, in April, Ariel Re teamed up with Hiscox Re & ILS to launch a new cyber catastrophe consortium to enhance coverage certainty in the cyber insurance market.
In 2023, Ariel Re deployed Phinsys’ finance and accounting offerings to consolidate its operational and financial tasks.
