Carrick UK Holdings Company Limited, which is a subsidiary of non-life legacy insurance business Carrick Group Limited has acquired two Irish captives. They are BMS International Insurance DAC and Seamair Insurance DAC, which are both regulated by the Central Bank of Ireland.

Phil Hernon, chief operating officer at Carrick UK Holdings Company, said: “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.”