DARAG strikes $40m novation deal with Cayman reinsurer

01-09-2020

Tom Booth, group chief executive officer, DARAG

Legacy acquirer DARAG has concluded a novation agreement with an unnamed Cayman reinsurer to provide finality for its US liability books, in a deal valued in excess of $40 million.

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DARAG, Agreement, Insurance, Reinsurance, Tom Booth, Bermuda, North America

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DARAG strikes $40m novation deal with Cayman reinsurer

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