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Aspen Insurance has urge to merge, sets sights on Ariel

Posted Nov 28th 2009 2:10PM by Tom Johansmeyer (RSS feed)
Filed under: International Markets, Deals, Industry, Competitive Strategy

Two big reinsurers in Bermuda could be getting ready to tie the knot. Aspen Insurance Holdings (AHL) is said to be close to buying Ariel, which would be a multi-billion dollar merger.

According to Reinsurance magazine, the companies are "close to signing a merger agreement." None of the financial details have been disclosed yet, but the result would create the largest combined Bermuda and Lloyd's reinsurance operation on the island.

Continue reading Aspen Insurance has urge to merge, sets sights on Ariel

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