Legacy acquirer DARAG has concluded a loss portfolio transfer between DARAG Insurance Guernsey Limited and a multi-national Insurer with subject reserves in excess of $100 million.
DIGL is providing economic and operational finality for the counter-party’s US General Liability book of business.
TigerRisk served as advisors to both parties in concluding the agreement.
“We continue to expand our geographical footprint, illustrated by the completion of this sizeable US transaction underwritten by DIGL,” said Tom Booth, Chief Executive Officer of DARAG.
“The portfolio will be managed through service agreements between DIGL and our SOBC DARAG operations in the US. I am delighted to be able to announce our continued growth and success in providing attractive legacy solutions to the market.”
