30 May 2023News

Early hire returns to Ariel Re in new role

Ariel Re has brought back Katie Partington Howarth (pictured), who was one of its earliest hires, to fill the newly created role of chief capital officer.

Bermuda-based Ariel said Partington Howarth will report to chief executive officer Ryan Mather and will be responsible for Ariel Re’s capital strategy including sourcing external capital and managing investor relations.

Partington Howarth was originally hired by Ariel in 2005 and rose to the position of head of underwriting risk when the business was acquired by Argo Group in 2017. Most recently, she was chief underwriting officer at Axis Re.

She joins tomorrow and will continue the work of chief financial officer Mike Pedraja whose team attracted significant new underwriting capital for 2023, including $270 million of investment previously announced in March.

Partington Howarth said: “I am delighted to be returning to Ariel Re in this exciting period of growth for the company as we seek to work with our capital partners and take advantage of the best opportunities in the market.

“Ariel Re has a well-earned reputation as a premier manager of reinsurance risk, and I look forward to working with Ryan and Mike on continuing their success.”

Mather said: “We are excited to have Katie rejoin Ariel Re and facilitate our growth as we seek to take advantage of the hardening property market.

He added: "Katie brings extensive knowledge of the insurance and reinsurance industries having served in a variety of senior leadership roles. We look forward to her contributions in raising and managing our future capital."

More on this story

27 February 2023   It provides Ariel Re with $125m of collateralized reinsurance cover.
6 March 2023   Part of a $270 million capital raise to fund growth.