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Ariel Reinsurance Company Ltd. Announces Executive Appointments
HAMILTON, Bermuda-(Business Wire)-July 2, 2008 - Ariel Reinsurance Company Ltd. (Ariel Re) is pleased to announce the following executive appointments:
George Rivaz has been appointed Chairman of Ariel Re(1). Mr. Rivaz will continue in his current Ariel Group roles as Chairman of Atrium Underwriting and President of Ariel Holdings Limited.
Tom Hulst has been appointed as his successor to the position of President of Ariel Re.
Myles Orchard will be joining the Company in August as Senior Vice President, US Property Reinsurance.
Tom Hulst joined Ariel Re in January 2006, within the first two months of its operation. He was previously with the General Re Group in a number of different roles, including property and casualty underwriting in both facultative and treaty form, capital and risk consulting, and derivatives. Tom was also a member of the underwriting team forming Starr Excess Liability Insurance Company (now AIG Cat Excess Liability) in Bermuda in 1993. Tom has a BA from the University of Michigan and an MBA from Northwestern University's Kellogg School of Management.
Myles Orchard was formerly US Property Treaty Underwriter with Arch Re. He has 15 years of experience in the Bermuda insurance market, the majority of which has been in property catastrophe underwriting & modelling. A Bermudian, he has a BA from Trent University, as well as ARe and CPCU.
Commenting on these appointments, Don Kramer, Chairman and CEO of Ariel Holdings Limited, said, "I am delighted to recognise George and Tom, two of the key contributors to Ariel Re's outstanding underwriting performance to date, and to welcome Myles as an excellent addition to our team."
Ariel Re is a subsidiary of Ariel Holdings Ltd., a holding company with underwriting operations in the reinsurance and specialty insurance businesses through Ariel Re, a Bermuda-based reinsurer, Atrium Underwriters, a Lloyd's underwriter and managing agent, and Valiant Insurance, a U.S.-based specialty insurer.
(1) Subject to the approval of Bermuda Immigration authorities.
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