SOBC DARAG
InsuranceOhio, United States2-10 Employees
SOBC DARAG is an insurance-focused firm that specializes in acquiring legacy insurance liabilities, including marginally solvent entities, run-off portfolios, and old-year captive liabilities. Its acquisitions aim to provide a clean exit for owners and management by transferring problematic liabilities without warranties or indemnities, effectively allowing a complete break from past issues. The company also offers consulting services related to insurance management, run-off contract administration, and audits of premiums and claims. Its approach often targets smaller entities across North America, Bermuda, the Caribbean, and sometimes the UK and Europe, including Eastern Europe, with a track record of providing exit solutions for US, UK, and European clients. SOBC DARAG operates from West Chester, Ohio, and presents itself as a specialist in difficult claims, legacy systems, and non-paying reinsurance protections, including the provision of captive-insurer exit routes and collateral relief through acquisition of legacy liabilities.