Legacy acquirer DARAG Group has concluded two transactions with undisclosed North American captive insurance companies.
The first transaction was completed in May, with the second concluded in June.
The transactions have been written into the group’s Bermudian insurance carrier, DARAG Bermuda. The mandate offers full legal finality for the US worker’s compensation book of the latter and the US worker’s compensation and automotive liability books of the former.
Tom Booth, CEO of DARAG says: “these latest transactions demonstrate DARAG’s ongoing commitment to our North American platform.”
Joel Neal, executive vice president of mergers and acquisitions, at DARAG North America, adds: “It has been a busy year for DARAG’s North American platform, and we continue to have a very active pipeline. These transactions, alongside the many others we have had in North America, demonstrate the growing demand for the solutions the group offers in the region.”
