The sale of Ariel Re’s Bermuda-based insurance and reinsurance operations to Goldman Sachs has been completed.Goldman Sachs and Ariel Holdings Ltd announced yesterday that the transaction had been pursuant to the acquisition agreement announced on March 1. The purchase price of the transaction was not disclosed.The acquired business is being combined with Goldman Sachs’ existing business underwritten through Lloyd’s Syndicate 1910 and will operate as part of Goldman Sachs Reinsurance Group (GSRG), under the brand name of Ariel Reinsurance.