DARAG completes SOVAG deal
DARAG, a legacy acquirer, has concluded a loss portfolio transfer between DARAG Insurance Guernsey Limited (DIGL) and a multi-national insurance company 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.
DARAG, TigerRisk, Tom Booth, agreement, insurance, reinsurace, North America