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Run-off specialist DARAG consolidates move into North America with acquisition

Bermuda, Guernsey, North America20-11-2018Insurance News, Reinsurance News, Specialty

Run-off specialist DARAG has completed the acquisition of SOBC Services, a company focused on the sourcing, acquisition and management of insurance entities and portfolios in run off in the US, Bermuda and Caribbean.

SOBC DARAG joint venture closes first US run-off deal

North America05-11-2018Insurance News

SOBC DARAG, a joint venture between US-based run-off specialist SOBC and European legacy acquirer DARAG, has acquired Florida-based Peachtree Casualty Insurance Company.

Ex-DARAG CEO unveils new carrier backed by Munich Re


Former DARAG CEO and current SOVAG chairman Arndt Gossmann has revealed plans to create a new risk carrier focusing on portfolio restructuring of non-life insurers in Europe with Munich Re as its reinsurance partner.

DARAG eyes growth in the US

Global, North America12-09-2018Insurance News, Reinsurance News

Run-off specialist DARAG is eyeing expansion in the US and is also in the market to acquire a vehicle in the UK that would guarantee its access to the UK after Brexit, Tom Booth, its chief executive since July, told Monte Carlo Today.

DARAG appoints Halley as group CFO

Bermuda, North America, UK16-08-2018Insurance News

Legacy acquirer DARAG has appointed James Halley as group chief financial officer, effective Sept. 3, 2018.

DARAG unveils joint venture, acquisition in US expansion

Europe, North America13-08-2018Insurance News, Reinsurance News

Malta-based legacy re/insurance acquirer DARAG Group has formed a joint venture and announced the acquisition as it plans to expand in the US.

DARAG secures €260m capital for global growth

Europe, Global, North America30-07-2018Capital Management News, Insurance News

DARAG, a European legacy acquirer owned by Keyhaven Capital Partners, has secured an equity funding of up to €260 million to support growth plans for the business.

DARAG poaches new group CEO from R&Q in expansion move

Europe02-07-2018Insurance News

European run-off insurance company DARAG has appointed Tom Booth as its new group CEO.

DARAG, New Nordic acquire Danish portfolios in first joint deal

Europe14-05-2018Insurance News

European run-off specialist DARAG and asset manager New Nordic Advisors have acquired two portfolios of Denmark-based Qudos Insurance, the control of which New Nordic acquired in 2017 via a joint cell structure.

Legacy acquirer DARAG partners with New Nordic

Europe, London26-03-2018Insurance News, Reinsurance News

European run-off specialist DARAG has formed a strategic partnership with London-based asset manager New Nordic Advisors that will see the two companies join forces in a number of project areas including the provision of legacy, active business and restructuring solutions.

Showing 51 to 60 of 89 results

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