Carrick are delighted to announce the appointments of Alex Smith as Senior Vice President, Operations, in London, and Aidan Mills as Vice President of M&A, in Bermuda.
Mr Smith brings more than 25 years of industry experience and joins Carrick Group from PoloWorks where he held a consultancy role. He started his career at Aviva, and has previously worked at companies such as Amlin, Liberty Syndicates, Brit, Swiss Re, Dale Underwriting, Liberty Specialty Markets, Pen Underwriting, and Mission Underwriters.
Mr Mills joins from Chubb where he served as Assistant Vice President in Bermuda. He started his career with Deloitte in Sydney, Australia, and previously worked in Bermuda for Allianz and AXA XL. He joins Assistant Vice-President, Finance, Armin De Weert, in the Carrick Bermuda office.
Important Policyholder updates: Community Reinsurance Corporation Limited is proposing acquire all reinsurance business underwritten, issued or assumed by the UK branch of IRB-Brasil Resseguros SA. The proposed transfer will be effected by means of an insurance business transfer scheme under Part VII of the Financial Services and Markets Act 2000 (Proposed Transfer). Please visit http://communityre.co.uk/ for further information on the process to follow, details of the stage the process has reached and all key documents relating to the Proposed Transfer.
Carrick Group announced that Carrick Re Ltd., a Bermuda class 3A reinsurer, has entered into a loss portfolio transfer (LPT) with National Casualty Company of America, Limited, National Casualty Company, UK Branch, and Nationwide General Insurance Company, UK Branch, ahead of a proposed Part VII transfer.
Mr. De Weerdt joins Carrick from Pillar Capital Management Limited, a Bermuda-based specialist in collateralized reinsurance and insurance-linked securities (ILS) investment manager. Mr. De Weerdt, who was previously an Audit Manager at KPMG Bermuda, is responsible for preparing financial forecasts and reports, evaluating financial performance, driving process improvements, and supporting both reinsurance and acquisition transactions.
September 11, 2024
Carrick Group Announces Irish Captives Acquisition
Carrick Group announced that its wholly owned subsidiary Carrick UK Holdings Company Limited had reached agreement with Bristol-Myers Squibb Company to acquire their two Irish Captives namely BMS International Insurance DAC (“BMSII”) and Seamair Insurance DAC (“Seamair”).
July 31, 2024
Carrick Group Announces Cayman Acquisition
Carrick Group announced that its wholly owned subsidiary Carrick Holdings (Cayman) Limited completed the acquisition of Health Care Casualty Insurance Limited (“HCCI”).
January 17, 2024
Carrick Group announced that Carrick Re Limited, a Bermuda class 3A reinsurer, has entered into a loss portfolio transfer with IRB(Re), a Brazilian private reinsurance company, on behalf of its UK Branch, ahead of a Part VII transfer.
Carrick Group announced that it has been acquired by Northlight QIAIF plc, an Irish regulated company managed by London-based investment manager Northlight Group LLP.
Carrick Group also announced the appointment of independent non-executive directors and Chairman.
Carrick Specialty Holdings LLC announced that its Bermuda-based subsidiary, Carrick Holdings (Bermuda), has entered into an agreement with Bank of Montreal to provide funding of up to $40 million for legacy transactions.
Carrick Specialty Holdings LLC announced that its UK-based subsidiary, Carrick UK Holdings Company Limited, has acquired the London-based reinsurance company Community Reinsurance Corporation Limited from Hampden PLC.
October 18, 2019
Run-Off Industry Veteran Karl Wall to Launch The Carrick Group
International non-life legacy business to provide reinsurance and run-off management solutions. Capital support to be provided by Sequentis Financial LLC