Legacy acquirer DARAG Group has concluded two undisclosed captive legacy transactions.
The first transaction was a Bermuda-based captive for insured risks through 2016 and was completed at the end of 2023. The second was a Cayman-based captive for insured risks through 2015, concluding in early 2024.
Both portfolios insured workers compensation, general liability and auto liability exposure, and both transactions were executed by way of novation with the captives and their respective fronting carrier.
