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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.

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Aspen Insurance has urge to merge, sets sights on Ariel originally appeared on BloggingStocks on Sat, 28 Nov 2009 14:10:00 EST. Please see our terms for use of feeds.

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