DARAG Group (“DARAG” or “the Group”), a leading legacy acquirer, announces that the High Court of Justice has approved the transfer of two insurance portfolios to its UK carrier, DARAG Insurance UK Limited (“DIUK”), under Part VII of the Financial Services and Markets Act 2000.
The court order, delivered on 17 September 2026, approved the transfer of Soteria Insurance Limited’s Commercial Liability Portfolio and the non intra-group business of DARAG Legacy UK Ltd (“DLUK”) to DIUK. The transactions are expected to become effective at 23:59 on 30 September 2026, subject to the terms of the scheme. Upon completion, Soteria’s commercial liability insurance portfolio and the third-party reinsurance business of DLUK will transfer to DIUK.
