Carrick buys two captive insurers

Legacy insurer Carrick Group has bought two Irish captives from their parent company as part of a strategy to expand into Europe. 

Bermuda-based Carrick said its subsidiary Carrick UK Holdings Company had agreed with pharmaceutical company Bristol-Myers Squibb to acquire BMS International Insurance DAC  and Seamair Insurance DAC. 

“Carrick is delighted to complete its first acquisition in the Irish Market ” said Phil Hernon , chief operating officer. “This type of transaction fits perfectly within Carrick’s strategy to provide solutions to the insurance market and expand global operations to include Irish subsidiaries to assist with European opportunities. We would also like to thank Strategic Risk Solutions for the proactive role that they performed in assisting with the conclusion of both deals.” 

BMSII and Seamair are regulated by the Central Bank of Ireland.   

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