6 January 2021Actuarial & underwriting

DARAG acquires workers’ compensation liabilities of US retailer

DARAG Group, the legacy acquirer, has completed the acquisition of the legacy workers’ compensation liabilities of a major US retailer.

The  transaction was conducted through one of DARAG North America’s insurance entities.

Tom Booth, chief executive of DARAG Group, said the transaction demonstrates DARAG’s ambitions in the US market.

“It is more important than ever for companies to focus on their core business and improve operational efficiency,” Booth said. “We believe there will be an increase in such transactions and our team will work closely with our clients to provide effective and advantageous solutions.”