DARAG enters reinsurance agreement with global insurer

DARAG | January 21, 2020

DARAG has successfully reached a reinsurance agreement with a major insurance company. The loss portfolio transfer between DARAG Insurance Guernsey Limited (DIGL) and a multinational insurance company (whose identity has not been disclosed) with subject reserves over $100 million has closed. A release said that DIGL is providing economic and operational finality for the counter-party’s US general liability book of business. TigerRisk served as an advisor to both parties in closing the deal. “We continue to expand our geographical footprint, illustrated by the completion of this sizeable US transaction underwritten by DIGL. The portfolio will be managed through service agreements between DIGL and our SOBC DARAG operations in the US,” said DARAG CEO Tom Booth.

Spotlight

Are you aware of the impact that voluntary employee benefits can have on your workforce? If not, you're missing out on a powerful tool that can help you attract and retain top talent. In this video, we explore the world of voluntary employee benefits and how they can benefit your organization.

Discover the hidden benefits of voluntary employee benefits that will help you take your organization to the next level. In this video, we'll explore the various benefits of voluntary employee benefits and how they can impact your workforce.

We'll cover things you need to know about voluntary employee benefits, including some of the types of benefits available, the impact they can have on your employees' lives, and the benefits they can bring to your organization as a whole.

Spotlight

Are you aware of the impact that voluntary employee benefits can have on your workforce? If not, you're missing out on a powerful tool that can help you attract and retain top talent. In this video, we explore the world of voluntary employee benefits and how they can benefit your organization.

Discover the hidden benefits of voluntary employee benefits that will help you take your organization to the next level. In this video, we'll explore the various benefits of voluntary employee benefits and how they can impact your workforce.

We'll cover things you need to know about voluntary employee benefits, including some of the types of benefits available, the impact they can have on your employees' lives, and the benefits they can bring to your organization as a whole.

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