DARAG completes legacy transaction with US retailer

DARAG Group, the legacy acquirer with operations in Bermuda, has concluded a transaction with a major US retailer to provide finality to its legacy workers' compensation liabilities.

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.”