{"id":1724,"date":"2025-08-07T12:30:54","date_gmt":"2025-08-07T12:30:54","guid":{"rendered":"http:\/\/www.xinetica.com\/?p=1724"},"modified":"2025-08-07T14:28:33","modified_gmt":"2025-08-07T14:28:33","slug":"carrick-re-completes-lpt-deal-with-national-casualty-and-nationwide-uk-branches","status":"publish","type":"post","link":"http:\/\/www.xinetica.com\/index.php\/2025\/08\/07\/carrick-re-completes-lpt-deal-with-national-casualty-and-nationwide-uk-branches\/","title":{"rendered":"Carrick Re completes LPT deal with National Casualty and Nationwide UK branches"},"content":{"rendered":"

Carrick Group’s Bermuda class 3A reinsurer, Carrick Re Ltd., has entered into a loss portfolio transfer (LPT) with National Casualty Company of America, Limited, National Casualty Company, UK Branch, and Nationwide General Insurance Company, UK Branch, ahead of a proposed Part VII transfer.<\/p>\n

\"carrick-holdings-logo\"According to Carrick Group, which is a Bermuda-based international non-life legacy insurance business providing reinsurance and run-off solutions, Carrick Re Ltd. intends to assume the covered business of the above-referenced companies.<\/p>\n

The firm explained that these businesses have been in run-off since 1974, and they consist of residual claims and exposures principally from risks emanating from property and casualty re\/insurance of U.S.-based Fortune 500 companies.<\/p>\n

Phil Hernon, Carrick Chief Operating Officer, commented, \u201cIt has been a pleasure working with the Nationwide team to put together this transaction. We look forward to completing the legal transfer.<\/p>\n

“We have the expertise to run off companies in an efficient way while protecting the policyholders and the reputation of all parties, and this type of transaction fits our business model perfectly.\u201d<\/p>\n

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The post Carrick Re completes LPT deal with National Casualty and Nationwide UK branches<\/a> appeared first on ReinsuranceNe.ws<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Carrick Group’s Bermuda class 3A reinsurer, Carrick Re Ltd., has entered into a loss portfolio transfer (LPT) with National Casualty […]<\/p>\n","protected":false},"author":1,"featured_media":1726,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[14],"tags":[],"_links":{"self":[{"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/posts\/1724"}],"collection":[{"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/comments?post=1724"}],"version-history":[{"count":3,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/posts\/1724\/revisions"}],"predecessor-version":[{"id":1728,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/posts\/1724\/revisions\/1728"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/media\/1726"}],"wp:attachment":[{"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/media?parent=1724"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/categories?post=1724"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/tags?post=1724"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}