Legacy acquirer DARAG Group has concluded two transactions with undisclosed North American captive insurance companies.
The first transaction was completed in May, with the second concluded in June.
The transactions have been written into the group’s Bermudian insurance carrier, DARAG Bermuda. The mandate offers full legal finality for the US worker’s compensation book of the latter and the US worker’s compensation and automotive liability books of the former.
Tom Booth, CEO of DARAG says: “these latest transactions demonstrate DARAG’s ongoing commitment to our North American platform.”
