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Ariel Re to continue writing property catastrophe risks


Giovanni Maccioni, London-based underwriter at Bermuda-based reinsurer Ariel Re Ltd., said although many carriers are pulling out of property catastrophe reinsurance, it will continue to write this class of business provided there is a well-planned strategy and risk criteria are met, Reinsurance News reports. Ariel Re is also looking to raise capital to take advantage of the impending hard market, as well as supporting further growth and expansion opportunities.

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