Carrick Group to acquire Bristol-Myers Squibb’s Irish captive insurers

Carrick Group Limited, a Bermuda-based international non-life legacy insurer specialising in reinsurance and run-off solutions, announced that its subsidiary, Carrick UK Holdings Company Limited, has reached an agreement with Bristol-Myers Squibb Company.

Under this agreement, Carrick will acquire Bristol-Myers Squibb’s two Irish captive insurers, BMS International Insurance DAC and Seamair Insurance DAC.

Both entities are regulated by the Central Bank of Ireland.

“Carrick is delighted to complete its first acquisition in the Irish Market,” added 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 (“SRS”) for the proactive role that they performed in assisting with the conclusion of both deals.”

This website states: The content on this site is sourced from the internet. If there is any infringement, please contact us and we will handle it promptly.