DARAG
(2009)

DARAG (German Insurance and Reinsurance AG) is the pioneer in German run-off. It was the first German insurance company to specialize in taking over inactive business of primary insurance and reinsurance companies into their own balance sheet. The aim is to relieve the insurance companies from risks pertaining to the legacy business.

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Investment details

• First and only run-off specialist for non-life insurance in Germany

• Acquisition of insurance portfolios or entire insurance companies

 

Seller

• American International Group (AIG)

 

Buyer

• Augur Capital