Darag
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Chhabra joins the legacy specialist after six years at Aspen where he was most recently head of exposure and performance management.
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The deal is the first publicly disclosed transfer to a run-off partner in the French market. -
The legacy carrier has hired senior data, IT and actuarial professionals in London and Bermuda.
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The deal will cover commercial auto liabilities occurring in the two years ended September 2020.
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Legacy acquirer Darag has agreed to buy SunPoint Holdings, the legacy business founded by Fosun in 2017.
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The legacy company announces three recent appointments to its management team.
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The experienced market practitioner has worked on over 30 closed legacy transactions.
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It is understood the book will be reinsured to close into Compre’s new legacy syndicate once the launch is approved.
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The move follows Axa LM's decision to cease bidding for new external deals, revealed in September last year.
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The portfolio is mostly made up of third-party liability motor business.
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The original cedant is a French P&C, motor and D&O specialist.
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CEO Booth says legacy carrier plans European and global expansion.
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