NU Online News Service, March 5, 12:00 p.m. EST

Hamilton, Bermuda-based insurer Arch Capital Group Ltd. says it will acquire Ariel Re's Credit & Surety reinsurance operations based in Zurich, Switzerland.

Upon the closing of the transaction, Ariel Re's Zurich-based team will transfer to the Zurich office of Arch Reinsurance Europe Underwriting Ltd (Arch Re Europe).

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