Insr announces Loss Portfolio Agreement with DARAG Germany
Release Date: 14[th] of August 2021 Insr Insurance ASA (“Insr”), today announces, that following a competitive process, the company has signed a Loss Portfolio Transfer (“LPT”) followed by a Portfolio Transfer (“PTA”) with DARAG Deutschland AG (“DARAG”), the German carrier of the DARAG Group, a leading legacy acquirer. All of Insr’s remaining insurance business will form part of this proposed transaction. The portfolio consists mainly of motor, property, casualty and workers’ compensation liabilities from both Norwegian and Danish jurisdictions. The deal will see DARAG provide legal