WebNov 5, 2024 · The acquisition of Peachtree was completed after receipt of Florida Office of Insurance Regulation (FL OIR) approval. SOBC DARAG's Ohio-based team has also taken over the day-to-day management and claims handling to ensure a successful runoff. Stephanie Mocatta, CEO of SOBC DARAG, said of the Peachtree acquisition, "We are … WebJul 31, 2024 · Trust Agreement dated July 31, 2024 among DARAG Bermuda Ltd. and DARAG Insurance (Guernsey) Limited, as grantors, American Hallmark Insurance Company of Texas, Hallmark Specialty Insurance Company, Hallmark Insurance Company and Hallmark National Insurance Company, as beneficiaries, and The Bank of New York …
Darag consolidates global operations in efficiency drive
WebJul 6, 2024 · DARAG is a leading international insurance and reinsurance group specialising in the assumption of discontinued business and the provision of capital relief solutions. The Group has completed 49 run-off transactions in 21 countries with a value in excess of €1.7bn. For more information, please visit: www.darag-group.com. WebDARAG is a leading international insurance and reinsurance company specialising in the assumption of discontinued business and the provision of capital relief solutions. Building on its strong European roots with a recently announced expansion, through SOBC DARAG, into the US and Bermuda, DARAG has completed 27 run-off transactions in 16 ... redesigning a fireplace
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WebMar 10, 2024 · DARAG’s German risk carrier, DARAG Deutschland AG (DAG), will be the vehicle for the transaction and assume booked reserves in excess of €180 million ($213.9 million). WebMay 31, 2024 · 31 May 2024. Legacy acquirer Darag will close its Maltese subsidiary and merge its German and Italian units as part of a wider consolidation of its global … WebJan 17, 2024 · DARAG Group Limited signed Portfolio Transfer Agreement to acquire Loss Portfolio Transfer of Insr Insurance Group ASA in August 2024. The PTA has been approved by the Norwegian FSA, Finanstilsynet (“NFSA”) and BaFin. All of Insr's remaining insurance business forms part of this transaction. The portfolio consists mainly of motor, property ... redesigned vehicles 2022