UK investment manager acquires legacy insurer Carrick
UK investment manager acquires legacy insurer Carrick
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UK investment manager acquires legacy insurer Carrick
07-01-2019 The UK unit of Carrick Specialty Holdings, a New York-based international non-life legacy business that provides reinsurance and run-off management solutions, has acquired London-based reinsurer Community Reinsurance from Hampden. The terms of the transaction were not disclosed. The acquisition is Carrick’s first legacy transaction since Carrick Re, the company’s wholly owned reinsurance subsidiary, received its Class 3A insurer license from the Bermuda Monetary Authority earlier this year. “Today’s news reflects two important steps forward in Carrick’s strategy,” said ...
Legacy Specialist Carrick Specialty Holdings Buys UK-Based Community Re December 15, 2020 Terms of the transaction were not disclosed. The acquisition is Carrick’s first legacy transaction since Carrick Re Ltd., the company’s wholly owned reinsurance subsidiary, received its Class 3A insurer license from the Bermuda Monetary Authority earlier this year. “Today’s news reflects two important steps forward in Carrick’s strategy,” said Karl Wall, chief executive officer at Carrick. “Through the completion of our first legacy transaction and the li...