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The office, which will write credit and surety reinsurance on a global basis starting from the upcoming 2010 reinsurance renewal season, is being led by Thomas Rothenberger who, along with Michael Hammer and Alban Fauchere, used to work for rival reinsurer Swiss Reinsurance Co. Hammer will be head of underwriting and Fauchere will deal with risk and analytics.
According to Ariel Re, the trio came over from their former company with a team of specialists and technicians.
Ariel Re, an insurance and reinsurance company, offers a diverse portfolio of property and liability coverage, with the most significant component of its risk profile being property catastrophe, according to an AMB Credit Report.
Ariel Re currently has a Best's Financial Strength Rating of A- (Excellent).
(By Marc Jones, London news editor: marc.jones@ambest.com)
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