Carrick Group announced that its wholly owned subsidiary Carrick Holdings (Cayman) Limited completed the acquisition of Health Care Casualty Insurance Limited (“HCCI”).

July 31, 2024 – Carrick Group Limited (“Carrick”), a Bermuda-based international non-life legacy insurance business providing reinsurance and run-off solutions, today announced that its wholly owned subsidiary Carrick Holdings (Cayman) Limited completed the acquisition of Health Care Casualty Insurance Limited (“HCCI”).

HCCI is regulated by the Cayman Islands Monetary Authority.  Prior to entering run off in 2016, HCCI wrote excess insurance policies covering general liability and medical malpractice insurance for several hospital groups.

“Carrick is delighted to complete its first acquisition in the Cayman insurance market” said Devin O’Malley, Chief Financial Officer. “This type of transaction fits perfectly within Carrick’s strategy to provide solutions to the insurance market and expand global operations to include the Cayman Islands.”

About Carrick

Established in 2019, Carrick has formed a non-life runoff business with operations in Bermuda, the United Kingdom and the United States. Reinsurance is provided by Carrick Re Ltd, a Bermuda-based Class 3A Insurer. Carrick’s senior management team includes Tom Nichols, Chief Executive Officer, Phil Hernon, Chief Operating Officer and Devin O’Malley, Chief Financial Officer.

Carrick is headquartered in Bermuda. Carrick is owned by Northlight QIAIF plc, which is managed by Northlight Group LLP. For more information about Carrick visit www.carrickholdings.com. For more information about Northlight Group visit www.northlight.co.uk.