DARAG expands international business with hires
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
Run-off insurer DARAG has hired three senior executives amid a reshuffling of its management team.
DARAG makes first Greek acquisition
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
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
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
Run-off insurer DARAG has expanded its management and executive teams following its acquisition by Keyhaven Capital Partners.
DARAG acquired by private equity group
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
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
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.