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DARAG closes loss portfolio transfer with multinational insurer

DARAG Insurance Guernsey Ltd. completed a loss portfolio transfer with a multinational insurer with subject reserves in excess of $100 million.

The portfolio will be managed through service agreements between DARAG Insurance Guernsey and DARAG Group's SOBC operations in the U.S. TigerRisk served as adviser to both parties for the transaction, which was underwritten by DARAG Insurance Guernsey.

DARAG Guernsey acquired DARAG Insurance Guernsey, formerly Thames Water Insurance Co. Ltd., in October 2019.