Saturday, November 12, 2016

International Atlantic publicizes Retirement of Ariel Holdings Co-CEO Milligan



Bermuda-primarily based international Atlantic financial organization limited announced that Tom Milligan, Co-CEO of its Ariel Holdings restricted subsidiary, will retire upon the last of the planned sale of Ariel Re businesses to Brazil’s Banco BTG Pactual S.A.
Tom Hulst, presently Co-CEO overseeing all underwriting and commercial enterprise operations, will remain in the role of CEO at the close of the transaction, which is currently pending regulatory approvals.
“whilst the sale of Ariel Re to BTG Pactual closes, the time will be proper for me to step down,” Milligan said. “Ariel has an high-quality crew and song record and the commercial enterprise can be in top notch arms with Ariel Re leadership team and its new proprietors.”
Milligan has been with worldwide Atlantic for nine years, predating the business enterprise’s separation from Goldman Sachs in 2013.
global Atlantic Chairman and CEO Allan Levine thanked Milligan for “his substantial contributions to our business. After setting up our assets and Casualty franchise in Bermuda in 2005, he played a leading role in our access into Lloyds of London in 2008 and our acquisition of Ariel Re in 2012. As Co-CEO of Ariel Holdings, Tom has been instrumental in putting method, and inside the increase and strong economic consequences of the enterprise.”

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