SOBC DARAG Holdings has launched a new office in Bermuda.
In a statement, the company, which is owned by DARAG Group investors and is the principal vehicle for North American legacy transactions, said that the Bermuda team would provide a full suite of finality solutions to clients, including the acquisition of insurance entities in run-off, assumptions, novations, and retrospective reinsurance.
Dan Linden has joined as head of SOBC DARAG’s Bermuda office, the company said.
It also said that Joel Neal, Ryan Heyrana, and Lucy Foster also have joined as executive vice president, vice president, and financial controller/captive manager, respectively.
Tom Booth, DARAG Group’s chief executive officer, said, “I am delighted to welcome the new Bermudian team to the SOBC DARAG family. This team brings further expertise and capacity to help grow SOBC DARAG in Bermuda and North America and will benefit from access to our extensive capital resources.”
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].