Ariel Re, the largest writer of property catastrophe reinsurance at Lloyd’s, secured in-principle approval from Lloyd’s to launch Syndicate 2006. That clears the way for the reinsurer to split its London market operations into two distinct businesses.
The move carves Syndicate 1910 into a single-line property catastrophe writer.
Beginning in 2026, it will run alongside Syndicate 2006, which broadens the company’s reach into property beyond cat, marine and specialty, cyber, and clean energy under the Ariel Green brand.
Ariel Re said quoting for the new platform begins Dec. 1, with policies binding from Jan. 1, 2026.
The name isn’t random. Syndicate 2006 nods to Ariel Re’s launch year—next year marks its 20th anniversary. A little corporate nostalgia baked into the branding.
Ariel Re wants it positioned more like Bermuda’s ILS peers, but with the credibility of a rated Lloyd’s carrier. Different appeal, same cat focus.
“We see Lloyd’s as central to our strategy,” said Darren Lednor, managing director of Ariel Re Managing Agency. “Syndicate 2006 helps us serve our target capital base by offering investment products with more variety.”
Interest is strong from both current and prospective investors. We expect it to add to Ariel Re’s growth from 2026, then scale further through 2027 and beyond.
Darren Lednor, managing director of Ariel Re Managing Agency
So, one syndicate stays lean and cat-driven. The other stretches into cyber and green energy. Two platforms, two strategies, one badge.
Ariel Re sponsored its 5th catastrophe bond, Titania Re 2025-1, securing $150 mn of multi-peril retrocessional reinsurance protection over four years.
The bond employs a state-weighted industry loss trigger and covers named storms and earthquakes in the U.S., Puerto Rico, the U.S. Virgin Islands, and Canada.
For the first time in Ariel Re’s catastrophe bond program, this transaction also includes U.S. wildfire coverage.
Ariel Re’s Syndicate 1910 at Lloyd’s of London ceded the bond, which closed successfully on July 1, 2025. As part of the transaction, Ariel Re issued two tranches of Series 2025-1 notes to investors.
