Transaction procedure

Our motto: total transparency

With its German roots, DARAG acts as a fully licensed direct insurer and reinsurer for the takeover of all types of Run-off on the European market. Thanks to our expertise from over 50 years of active underwriting business, we meet insurers as partners on an equal footing. Competence, fairness and absolute transparency are the principles underlying the way we act. Individual process steps illustrate how the assumption of Run-off by DARAG works.

• DARAG effects the transaction by portfolio transfer (Sections 14 and 121 VAG German Insurance Supervision Act in direct or reinsurance business) or the acquisition of independent entities
• DARAG expects no technical guarantees for the transfer and provides full balance sheet finality for the transferring insurer
• If the Run-off is transferred as a legal entity, DARAG will also look after the liquidation of the entity
• Claims settlement is handled by a competent and experienced team
• DARAG is also prepared to take on staff from the transferring insurer
• On request, claims processing can remain with the transferring insurer