Carrick strikes $30mn-$40mn LPT with IRB(Re)
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Carrick strikes $30mn-$40mn LPT with IRB(Re)

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Bermudian legacy firm Carrick Group has entered a loss portfolio transfer (LPT) with Brazilian private reinsurance company IRB(Re).

Insurance Insider understands the deal covers around $30mn-$40mn of reserves.

The deal was struck via Carrick Re Limited, Carrick’s Bermuda class 3A reinsurer, on behalf of the Brazilian carrier’s UK branch, ahead of a Part VII transfer.


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