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DARAG expands international business with hires

Europe08-09-2015Insurance News

Run-off insurer DARAG has expanded its international business by appointing a new chief executive officer (CEO) for the group’s Maltese risk carrier as well as two country managers.

DARAG reshuffles management

Europe26-06-2015Insurance News, Reinsurance News

Run-off insurer DARAG has hired three senior executives amid a reshuffling of its management team.

DARAG makes first Greek acquisition

Europe23-02-2015Insurance News

Run-off insurer DARAG has acquired its first run-off portfolio in Greece, consisting of a portfolio of inactive motor vehicle liabilities from transportation insurer AIGAION.

Solvency II inspires capital management

Europe15-09-2014Insurance News, Reinsurance News

Re/insurers have become increasingly sophisticated in the past 18 months in the way they view and are willing to use run-off as a strategic and capital management tool, believes Arndt Gossmann, chief executive of DARAG.

Augur Capital gets green light to sell DARAG

Europe17-07-2014Insurance News

Private equity investor Augur Capital has successfully sold its stake in DARAG Deutsche Versicherungs- und Rückversicherungs-AG to London-based equity firm Keyhaven Capital Partners.

DARAG expands team following acquisition

Europe13-05-2014Insurance News

Run-off insurer DARAG has expanded its management and executive teams following its acquisition by Keyhaven Capital Partners.

DARAG acquired by private equity group

Europe10-04-2014Capital Management News, Insurance News, Reinsurance News, Specialty

Deutsche Versicherungs- und Rueckversicherungs-AG (DARAG), the German insurance run-off specialist, has been acquired by a London-based private equity firm.

DARAG closes more deals as run-off booms

Europe29-01-2014Insurance News

Run-off specialist Deutsche Versicherungs- und Rueckversicherungs-AG (DARAG) continued to see an influx of business as it signed three European Run-off portfolio transactions in December, bringing the total number of deals signed in 2013 to seven.

Legacy out--investors in


As more insurers transfer legacy business to specialised insurers and financial investors look to run-off as a new investment, Arndt Gossmann, CEO of DARAG explains why the sector is booming.

DARAG completes eleventh run-off transaction

Europe23-05-2013Insurance News

Run-off insurer DARAG (Deutsche Versicherungs- und Rueckversicherungs-AG) has acquired Hamburg-based Hanseatica Rueckversicherungs-AG (Hanseatica) including its entire run-off portfolio. As of December 2012, Hanseatica had a balance sheet total of €38 million.

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