Ariel
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The capital partners unit was launched via London Bridge 2 in Lloyd’s last year. -
The new commingled fund will target investors with $5mn or higher potential investments.
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The carrier launched the consortium last year in a bid to support the clean energy sector.
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The consortium will offer up to $50mn of per-program capacity.
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The syndicate recorded GWP of £705.1mn in 2023.
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The promotions cover a range of roles from underwriting and accounting to analytics and portfolio management.
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Sarah Morgan has been with the reinsurer since 2006 and will continue to be based in Bermuda.
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The carrier becomes the first syndicate to use the new London Bridge structure.
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The two Lloyd’s players are the first to bring sidecars to market as they seek to capitalise on surging projected returns.
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Darren Lednor will become managing agent, while Mark Pickett will be active underwriter.
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The Lloyds-centric reinsurer has become a signatory member of the Standards Board for Alternative Investments.
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The reinsurer said the deals would enhance its abilities to provide innovative solutions for clients.
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