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.

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Ecommerce represents almost 10% of retail sales in the U.S. and this figure is growing by nearly 15% every year. Now one of the most expensive possessions a person may sell, their home, can be sold on the ecommerce market.

Spotlight

Ecommerce represents almost 10% of retail sales in the U.S. and this figure is growing by nearly 15% every year. Now one of the most expensive possessions a person may sell, their home, can be sold on the ecommerce market.

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CORE INSURANCE, INSURANCE TECHNOLOGY

Zywave Expands Carrier Offerings with Launch of Carrier Engagement Suite

Zywave | September 02, 2022

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CORE INSURANCE

Combined Insurance Opens New Regional Office in South Carolina

Combined Insurance | November 21, 2022

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RISK MANAGEMENT

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MetricStream | November 01, 2022

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