SOBC DARAG has acquired New Mexico P&C Insurance Co.
SOBC DARAG has received approvals from New Mexico OSI and Florida OIR for the transaction.
Terms of the deal weren’t disclosed.
SOBC DARAG Holdings is ultimately owned by DARAG Group investors. SOBC DARAG Holdings, a direct subsidiary of DARAG UK, is the principal vehicle for future U.S., Bermudian and Caribbean growth and acquisitions.
Was this article valuable?
Here are more articles you may enjoy.
After Years of Pushing Rate Hikes, Florida’s Citizens Now Wants HO Rate Decrease 
Abbott Presses Congress for Legal Shield Over Preemie Baby Formula Lawsuits 
Florida Jury Returns $779M Verdict for Family of Security Guard Killed at Gambling Cafe 
WTW to Acquire Newfront in Deal Worth Up to $1.3B 
