Lyft’s LPT with Darag takes offloaded liabilities to $715mn

Lyft, Darag and Enstar

Ridesharing company Lyft’s $250mn loss portfolio transfer (LPT) with Darag marks the firm’s latest foray into the run-off market, following a transaction with Enstar last year which saw the Bermudian reinsure $465mn of legacy reserves.

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