DARAG close to completing acquisition of ERGO Assicurazioni
European run-off insurance specialist DARAG is close to completing its acquisition of ERGO Assicurazioni following the deal being authorised by the Italian insurance regulator Istituto per la Vigilanza sulle Assicurazioni IVASS) on Friday, November 11.
A changing landscape
The run-off market is growing rapidly and the landscape is becoming more sophisticated and nuanced as different companies discover the appeal, Arndt Gossmann, chief executive officer of specialty run-off insurer DARAG tells Baden-Baden Today.
Reaching a new peak
The run-off market is hitting new highs and breaking all records in 2016 as large insurers execute their post-Solvency II strategies, Arndt Gossmann, chief executive officer of DARAG, tells Monte Carlo Today.
DARAG forms platform in Southern Europe via acquisition
DARAG, the European run-off specialist, is to acquire ERFO Assicurazioni (ERGO), an Italian insurance consolidator – its first transaction in Italy and one which will give the company a platform in Southern Europe.
DARAG’s Arndt Gossmann predicts “new peak” for run-off sector
Arndt Gossmann, the chief executive of run-off specialist DARAG, has predicted that the run-off sector in Europe in 2016 will have a transaction volume of more than €4 billion in total, and that there will be the first in a series of runoff deals worth more than €1 billion.
DARAG quadruples liabilities under management in 2015
European specialty run-off insurer DARAG added some €299 million of new business to its portfolio last year, it has revealed, increasing its liabilities under management increase by 388 percent.
DARAG completes group management with new hire
DARAG, the run-off specialist, has appointed Eleni Iacovides as group chief clients officer, effective January 1, 2016.
Opportunities in challenges: a post Baden-Baden report
On the brink of 2016, Baden-Baden underlined some of the industry’s challenges that come in hand with interesting opportunities yet again
DARAG launches R-pad: first sidecar for run-off business in EU
DARAG, the European run-off specialist, has formed what is effectively the first run-off sidecar within the EU using a protected cell company in Malta.
Rescue Re aid appeal launched
European run-off specialist DARAG is seeking partners to help it fund an initiative that would enable a search and rescue vessel in the south Mediterranean Sea to operate for longer than it normally would—something that could save the lives of thousands of refugees.