Reinsurance News
SOVAG
Gossmann & Cie makes two management changes
11th January 2022
Liability Management Company Gossmann & Cie has made two management changes in the Supervisory and Executive board of German re/insurer Schwarzmeer- und Ostseeversicherungs-AG (SOVAG). Dr. Gerd Meyer has been the company's Executive Board Member of SOVAG AG since 2017, and will join the Supervisory Board later this year. Meyer holds over 40 ... Read the full article
Gossmann & Cie. to purchase SOVAG following legacy transfer
9th January 2020
Gossmann & Cie. has announced that it plans to purchase German re/insurer Schwarzmeer- und Ostseeversicherungs-AG (SOVAG) via its holding company Minerva Capital GmbH. The transaction follows the completion of the transfer of SOVAG’s legacy portfolio to DARAG in December 2019. Gossmann & Cie. expects the acquisition to accelerate its portfolio refinement ... Read the full article
DARAG in legacy portfolio transfer with German re/insurer SOVAG
5th August 2019
Legacy acquirer DARAG Group Limited has announced a new Portfolio Transfer Agreement with German insurer and reinsurer, SOVAG. The legacy book, which comprises direct insurance and inwards reinsurance business, will be transferred to DARAG's German subsidiary, DARAG Versicherungs- und Ruckversicherungs-AG. The legacy portfolio transfer is part of SOVAG's ongoing restructuring, and DARAG ... Read the full article
Former DARAG CEO, Arndt Gossmann joins SOVAG’s Management Board
12th May 2017
Insurer SOVAG has announced that its Supervisory Board has appointed Arndt Gossmann, who recently retired as Chief Executive Officer (CEO) of European run-off insurer DARAG, and Dr. Gerd Meyer as new Management Board members. The appointments are limited until 2018, and both Gossmann and Dr. Meyer, two insurance industry experts, will be tasked ... Read the full article
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