Ariel Re secures ‘in principle’ approval to launch Lloyd’s syndicate

Bermuda-based reinsurer Ariel Re has secured ‘in principle’ approval from Lloyd’s to establish a new syndicate.

From 2026, Ariel Re will split its Lloyd’s business into two syndicates: the existing Syndicate 1910 and the new Syndicate 2006.

Syndicate 2006, named in recognition of the company’s first year of business, will carry a portfolio of property catastrophe, other property, marine and specialty, cyber, and clean energy business, trading as Ariel Green.

Syndicate 1910 will focus solely on property catastrophe reinsurance from 2026, aligning with its insurance-linked securities peers in Bermuda while retaining the benefits of being a rated Lloyd’s carrier.

Ariel Re plans to begin quoting on behalf of Syndicate 2006 on December 1, 2025, for binding effective January 1, 2026.

Darren Lednor, Ariel Re managing agency managing director, said: “We are excited to expand our presence in the Lloyd’s market with the launch of Syndicate 2006. Lloyd’s is fundamental to our strategy, and with this new syndicate, we are seeking to better appeal to the demands of our target capital base by offering differentiated investment products.

“We are seeing strong interest from existing as well as potential new investors, and we expect Syndicate 2006 to be accretive to Ariel Re in 2026, and as the syndicate grows in 2027 and beyond.”

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