History
Experience generates trust: expertise based on more than 50 years’ active insurance business
DARAG Deutsche Versicherungs- und Rückversicherungs-AG looks back on over 50 years in the transport, marine, aviation and technical insurance business, as well as in industrial and general property, general liability and other lines of indemnity insurance. Since 2009, our business model has focused on “Finality” and Run-off.
| 1949 | Foundation as “Schwarzmeer- und Ostsee Allgemeine Versicherungs-Aktiengesellschaft” |
| 1958 | Change of name to “DARAG Deutsche Auslands- und Rückversicherungs-AG” |
| 1990 | Colonia AG (later AXA) acquires a majority shareholding |
| 2001 | DARAG becomes a fully-owned subsidiary of AXA Versicherung AG |
| 2006 | Württembergische und Badische Versicherung AG (WÜBA) acquires 100% of the shares in DARAG |
| 2007 | WÜBA is acquired by AIG |
| 2008 | Augur Capital Group succeeds in a bidding process against various competitors |
| 2009 | DARAG focuses its business model on finality and Run-off |
| 2010 | DARAG acquires HVAG and moves its headquarter from Berlin to metropolitan Hamburg, Germany’s third-largest insurance-hub |