Arch Capital Group has completed the acquisition of Ariel Re’s Zurich based Credit & Surety reinsurance operations.

Following the acquisition, Ariel Re Credit & Surety’s earlier team has joined the Zurich’s branch of Arch Reinsurance Europe Underwriting.

Arch Capital said that the former team will be operational, and Arch Re Europe is expecting enhanced transition for service to both customers and intermediaries.

Arch Capital Group had reported a capital of $5.03bn by the end of December 2011 and provides insurance and reinsurance.