Reinsurance News
DARAG
DARAG to transfer two insurance portfolios to UK carrier DIUK
24th September 2026
Legacy acquirer DARAG Group has received approval from the High Court of Justice, part of the senior courts of the United Kingdom, to transfer two insurance portfolios to its UK carrier, DARAG Insurance UK Limited (DIUK), under Part VII of the Financial Services and Markets Act 2000. The court order was ... Read the full article
DARAG names Paul Martin as Non-Executive Senior Group Actuarial Adviser
21st September 2026
Legacy acquirer DARAG Group has appointed Paul Martin as Non-Executive Senior Group Actuarial Adviser. The appointment aims to reinforce the firm’s actuarial, risk, and capital expertise, as Martin has over 35 years of experience across the London insurance and actuarial markets. Since 2015, he has held several senior non-executive positions, including at ... Read the full article
Domus PTA to support DARAG’s continued expansion across Nordic region
9th September 2026
Legacy acquirer DARAG Group has announced that it has entered into a portfolio transfer agreement (PTA) with Domus Forsikring A/S, for its entire change of ownership (Husejerskifte) and building damage (Byggeskade) portfolio in Denmark. Pending standard regulatory approvals, the transaction will allow Domus, a Danish property and casualty insurance company, to fully ... Read the full article
DARAG completes portfolio transfer agreement with Ambra Versicherung AG
8th June 2026
Legacy acquirer DARAG Group has announced the completion of a portfolio transfer agreement of a worldwide reinsurance book. The portfolio transfer was completed in May 2026 following DARAG’s acquisition of the entire portfolio from carrier Ambra Versicherung AG (Ambra), which operates internationally. The transaction spans an underwriting period ranging from the 1970s ... Read the full article
IRLA Congress: Legacy market matures into strategic capital and operational partner for re/insurers
11th May 2026
The legacy and retrospective reinsurance market is entering a new phase of maturity, driven by growing demand for capital optimisation, operational efficiency and increasingly sophisticated transaction structures. That was the central message from this year’s IRLA Congress & Business Seminar, where industry leaders described a sector that is no longer simply ... Read the full article
DARAG announces two deal closures at year-end 2025
16th January 2026
Legacy acquirer DARAG Group has announced the completion of a portfolio transfer agreement (PTA) of Danish Workers’ Compensation business from Protector, and the signing of a loss portfolio transfer (LPT) and PTA with another European carrier. DARAG Deutschland AG, DARAG’s German insurance carrier, completed the PTA of Protector’s Danish Workers’ Compensation ... Read the full article
DARAG Group expands UK claims services through new partnership with Unipol Assicurazioni
23rd July 2025
DARAG Group, a legacy acquirer with a focus on the European market, has signed a service agreement with Italian insurer Unipol Assicurazioni S.p.A. (Unipol). Unipol Assicurazioni is the parent company of the Unipol Group, one of the larger insurance providers in Europe and the dominant player in Italy’s non-life insurance sector, ... Read the full article
DARAG announces LPT and PTA deal with European carrier
28th May 2025
DARAG Deutschland AG, the German insurance carrier of DARAG Group, has completed a loss portfolio transfer (LPT) with a European carrier. This deal, the firm stated. Will be followed by a portfolio transfer (PTA) with the carrier. Tom Booth, CEO of DARAG, commented: “Our track record of successful transactions in Europe makes ... Read the full article
IRLA Congress: Legacy market shifts to proactive capital management and risk solutions
12th May 2025
The legacy and reinsurance market, once viewed as a niche or reactive segment of the insurance sector, has now become a central component of capital management strategies and long-term planning. That was the consistent theme emerging from this year’s IRLA Congress & Business Seminar, where industry leaders underscored the market’s growing ... Read the full article
DARAG appoints Theo Wilkes as CFO
7th May 2025
European and UK market-focused legacy acquirer, DARAG Group, has promoted Theo Wilkes to the role of Chief Financial Officer (CFO), based in London. Wilkes joined DARAG in June 2024 with over two decades of industry experience in live and legacy markets. Prior to joining DARAG, he spent 14 years at Enstar Group, ... Read the full article
DARAG signs PTA with Protector for Danish workers’ comp portfolio
4th April 2025
Legacy acquirer DARAG Group has announced that its German insurance carrier, DARAG Deutschland AG, has entered into a portfolio transfer agreement (PTA) with Protector Forsikring ASA for its entire Danish workers’ compensation portfolio, enabling Protector to fully exit this line of business. The transaction, subject to regulatory approval in Norway and ... Read the full article
DARAG announces Loss Portfolio Transfer deal with Soteria
26th March 2025
Legacy acquirer DARAG Group has signed an agreement with UK-based insurer Soteria Insurance Limited (SIL), formerly the underwriting arm of the Co-operative Group. Under the Loss Portfolio Transfer (LPT), DARAG Deutschland AG will reinsure a portfolio of UK commercial policies in run-off written by SIL, previously known as CIS General Insurance ... Read the full article
DARAG acquires run-off portfolio from wefox Insurance AG
14th January 2025
Legacy acquirer DARAG Group and wefox Insurance AG, the Liechtenstein-based insurer of wefox Group, have announced the transfer of a run-off portfolio, which includes Motor Damage, Third Party Liability, Private Liability, and Property business across Germany, Italy, and Switzerland. This transfer is part of the previously announced sale of wefox ... Read the full article
DARAG concludes sale of North American and Bermuda operations to RiverStone Group
20th December 2024
DARAG Group, a legacy acquirer specialising in the European market, has officially completed the transfer of its North American and Bermuda operations to RiverStone Group, after obtaining the necessary regulatory approval. This transaction, originally announced earlier this year, is expected to streamline DARAG's operations and enable the company ... Read the full article
DARAG to sell North American & Bermuda business entities to RiverStone
8th August 2024
Legacy acquirer DARAG Group has agreed to sell its North American and Bermuda business entities to the RiverStone Group. According to DARAG, this transaction will simplify its operations, permitting the firm to focus on its core European business. In addition, the deal will bring in additional capital, allowing DARAG to execute ... Read the full article
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