DARAG, New Nordic acquire Danish portfolios in first joint deal
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
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.
Disposal of legacy business can increase efficiency
Run-off specialist DARAG has seen a significant increase in opportunities in 2017, as was foreseen in the last couple of years, Eleni Iacovides, group chief client officer, told Baden-Baden Today.
DARAG appoints Italian CEO to expand core market
European run-off insurance company DARAG has appointed Tullio Ferrucci as CEO of DARAG Italia.
DARAG completes Israeli legacy deal
European run-off insurance company DARAG has announced a legacy transaction in Israel with an undisclosed insurer.
DARAG fills senior positions in core operations
European run-off insurance company DARAG has strengthened its core team with three senior appointments including Mike Trotman as chief financial officer (CFO), Alex Roth as head of M&A, and Jim Wilson as group chief transaction officer.
DARAG appoints former Sompo Canopius CEO as chairman
European run-off insurance company DARAG has appointed Stuart Davies, the former group CEO of Sompo Canopius, as chairman of the group.
DARAG acquires Swedish insurer Ikano Försäkring
European run-off insurance company DARAG has entered an agreement to acquire all shares of Stockholm-based Swedish insurance company Ikano Försäkring, a part of Ikano Group.
Gossmann steps down as group CEO of DARAG
European run-off insurance company DARAG has announced that group CEO Arndt Gossmann, who has headed up the business for eight years, has stepped down with immediate effect.
Run-off in Europe tipped to reach new high of €8bn in 2017
The run-off market in Europe will hit new highs in 2017 with the value of deals potentially double what they were in 2016, the chief executive of one run-off specialist has claimed.