Legacy Specialist DARAG Acquires Bermuda-Based SunPoint from Fosun International
Legacy Specialist DARAG Acquires Bermuda-Based SunPoint from Fosun International March 9, 2021 DARAG purchased SunPoint from Fosun International for an undisclosed amount. SunPoint offered reinsurance and run-off solutions to U.S. and Bermuda insurers from 2017 to 2019. This is DARAG’s first company acquisition in Bermuda since the launch of its Bermuda operation in 2019 and provides Fosun with complete economic and legal finality in respect of the business. SunPoint brings a claims operation headed by Amel Esposito, with extensive claims experience acros...