Bermuda-based Ariel Re has obtained approvals to launch a managing agency at Lloyd’s. The new Ariel Re Managing Agency (ARMA), will assume the management of Ariel Syndicate 1910 together with SPA 6117 from Argo Managing Agency.
Darren Lednor, who has more than 25 years’ experience working in London and Bermuda, will be ARMA’s managing director, supported by Mark Pickett, head of underwriting management in London, who will assume the role of active underwriter of Syndicate 1910 and SPA 6117.
Ariel Syndicate 1910 started underwriting in early 2008 and has established a successful business since then. With offices in Bermuda, London and Hong Kong, Ariel Re employs almost 100 people worldwide.
Other team members include: CFO Anouchka Gokhool who was most recently director of syndicate finance for Hiscox; chief actuary Jon Poole, who was most recently with Blenheim Underwriting; and CRO Rebecca Knowles, who joined Ariel Re this year from Asta Capital.