Ariel and Ark targeting sidecar fundraises in moves to capitalize on hard market
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Ariel and Ark targeting sidecar fundraises in moves to capitalize on hard market

Adam McNestrie
October 26, 2022
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Ariel and Ark are among the early parties seeking to raise funds for opportunistic vehicles to support cat underwriting for 2023, as reinsurers prepare for a sharply dislocated market, this publication can reveal.

Sources said that Ariel has engaged with private equity around the raising of a ~$300mn sidecar, which will draw support from existing backers JC Flowers and Jim Stanard’s Pelican.

Ark,

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Adam McNestrie
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