DARAG Group Limited signed Portfolio Transfer Agreement to acquire Loss Portfolio Transfer of Insr Insurance Group ASA in August 2021. The PTA has been approved by the Norwegian FSA, Finanstilsynet (“NFSA”) and BaFin. All of Insr's remaining insurance business forms part of this transaction. The portfolio consists mainly of motor, property, casualty and workers' compensation liabilities from both Norwegian and Danish jurisdictions. The deal sees DARAG providing legal finality of Insr's insurance liabilities and economic and operational relief.

DARAG Group Limited completed the acquisition of Loss Portfolio Transfer of Insr Insurance Group ASA on January 17, 2021.