Goldman Sachs to buy Ariel Re's insurance operations
Goldman Sachs Inc said it will buy Ariel Re's Bermuda-based insurance and reinsurance operations, which will be combined with its existing reinsurance group and operate under the name of Ariel Reinsurance.
Reinsurer Swiss Re has sold US asset managers Conning & Company to New York private equity firm Acquiline Capital Partners, a spokesman for the Swiss group said on Wednesday.