Ariel Re Names Hurst as CEO

Bermuda-based Ariel Reinsurance Company Ltd. appointed Tom Hulst as CEO.

Hulst will report to George Rivaz , the chairman of Ariel Reinsurance and CEO of Ariel Holdings.

Hulst has been with the Ariel Re since shortly after its formation in December 2005, serving initially as senior vice president, and since mid-2008, as president. Hulst has 20 years of industry experience in a variety of underwriting and management positions.

Ariel was established in 2005 by private equity investors. Since its inception, Ariel has grown its initial $1.0 billion equity to more than $1.7 billion at the end of 2009 having reported record profits for the recently concluded fiscal year.

Source: Ariel Re, www.arielre.com