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Bermuda-based reinsurer Ariel Holdings Ltd has agreed to be sold to Brazil’s Grupo BTG Pactual SA, largest independent investment bank in Latin America, for an undisclosed sum. Ariel’s CEO Tom Hulst told The Royal Gazette last night that “no jobs wil...

It’s been rumoured for a couple of months now, but according to The Financial Times, it’s a done deal — Goldman Sachs has sold off a 75 percent stake in Bermuda-based Ariel Re. The Wall Street investment bank only bought Ariel’s insurance and reinsur...

Bermuda-based Ariel Re’s parent company, Goldman Sachs, has been at the centre of much speculation this week amid rumours the investment bank is planning to sell off a majority stake in its reinsurance business. The rumours stemmed from a report firs...

No jobs will go as a result of the sale of Bermuda-based Ariel re/insurance operations to Goldman Sachs, The Royal Gazette can reveal. As the two businesses are combined, it is expected that more jobs will be created, said the company. Yesterday, Ar...