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M&A Deal Summary

DARAG Group Acquires SunPoint

On March 8, 2021, DARAG Group acquired insurance company SunPoint

Acquisition Highlights
  • This is DARAG Group’s 3rd transaction in the Insurance sector.
  • This is DARAG Group’s 1st transaction in Bermuda.

M&A Deal Summary
Date 2021-03-08
Target SunPoint
Sector Insurance
Buyer(s) DARAG Group
Deal Type Add-on Acquisition

Target

SunPoint

Bermuda
SunPoint is a provider of reinsurance and run-off solutions, with rich claims experience across various lines of business within the U.S; including, Construction, Medical Malpractice, New York Labor Law, General Liability, Commercial Auto, and Workers Compensation.

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Buyer(S) 1

Buyer

DARAG Group

Hamburg, Germany
Category Company
Founded 1949
Sector Insurance
DESCRIPTION

DARAG Group is a privately held insurance company that specializes in taking inactive or discontinued (run-off) businesses from direct insurers and reinsurers. DARAG Group was founded in 1949 and is based in Hamburg, Germany.

DEAL STATS #
Overall 3 of 3
Sector: Insurance M&A 3 of 3
Type: Add-on Acquisition M&A Deals 3 of 3
Country: Bermuda M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-22 Arisa Assurances

Luxembourg

Arisa Assurances is a provider of automobile and travel insurance services. Arisa Assurances is based in Luxembourg.

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