Press Reports
27. April 2009
DARAG is coasting the runway after closing
Augur Capital AG (AUGUR) announced the closing of the acquisition of DARAG Deutsche Versicherung und Rückversicherungs-AG in Berlin. In December 2008, Württembergische und Badische Versicherungs-Aktiengesellschaft (WÜBA), part of the AIG Europe SA, agreed the sale of 100% of the shares to Augur Financial Holding Vier GmbH & Co KG, an investment vehicle advised by AUGUR.
9. September 2010
Run-off insurer DARAG spins off classic underwriting business to a separate subsidiary
Specialist insurer DARAG, a pioneer in the assumption of run-off in Germany and Continental Europe, secures its successful market positioning by spinning off its active underwriting business into a separate company.
3. May 2010
Run-off insurer DARAG acquires majority shareholding in HVAG
DARAG Deutsche Versicherungs- und Rückversicherungs-AG, Berlin, acquires the majority shareholding in Hamburger Versicherungs-Aktiengesellschaft HVAG.
Run-off insurer DARAG acquires majority shareholding in HVAG
8. December 2011
DARAG on track for growth
Wedel, 8 December 2011 – Specialist insurer DARAG Deutsche Versicherungs- und Rückversicherungs-AG announces 70 percent growth on administered loss reserves for 2011, which are thus expected to reach up to EUR 100 million in total. DARAG has assumed three Run-off portfolios this year, with the possibility to acquire an additional portfolio by year end.
7. September 2011
DARAG acquires Run-off-portfolio of Garant Versicherungs-AG
Wedel, 7 September 2011 Run-off insurer DARAG Deutsche Versicherungs- und Rückversicherungs-AG acquires the inactive insurance business of Garant Versicherungs-Aktiengesellschaft, Austria. The portfolio includes the segments casualty insurance, comprehensive farm vehicle and marine hull and liability insurance, goods in transit insurance, fire insurance and insurance against natural hazards, property insurance (damage by hail or frost), as well as general liability insurance in international direct and reinsurance business.
PM DARAG acquires Run-off-portfolio of GarantPM DARAG übernimmt Run-Off-Portfolios von GarantPM DARAG reprend le portefeuille de run-off de Garant
7. April 2011
DARAG appoints new executive board member
Wedel, 7 April 2011 – Effective from 1 April 2011, the supervisory board of DARAG Deutsche Versicherungs- und Rueckversicherungs-AG has appointed Marc Troch (52) as a member of the executive board of DARAG. Marc Troch will take over the function of chief operation officer (COO).
9. February 2011
DARAG acquires run-off portfolio of Quantum Insurance S.A.
Run-off insurer DARAG Deutsche Versicherungs- und Rückversicherungs-AG takes over the portfolio of Belgian insurer Quantum Insurance S.A. For DARAG, this marks the third transaction in 2010.
9. February 2012
DARAG acquires IngoNord in Run-off
Hamburg/Helsinki, 9 February 2012 – Specialised Run-off insurer DARAG Deutsche Versicherungs- und Rückversicherungs-AG acquires IngoNord Insurance Company Ltd., Finland, including its entire Run-Off portfolio. This acquisition marks DARAG’s fourth transaction in the last twelve months. It’s DARAG’s first transaction in Scandinavia.
DARAG acquires IngoNordDarag übernimmt IngoNordDARAG reprend la compagnie finlandaise IngoNord