DARAG Group has signed a service contract with Unipol Assicurazioni S.p.A. to manage claims associated with a UK motor insurance portfolio.
The agreement covers runoff business reinsured by Unipol and will be administered by DARAG Deutschland AG (DAG), in partnership with claims servicing firm Davies Group.
Unipol Assicurazioni, the parent company of Unipol Group, is one of the largest insurance groups in Europe and a major player in Italy’s non-life insurance market, particularly in the motor vehicle and health segments.
Get the latest reinsurance news direct to your inbox twice a week. Sign up here
Under the agreement, DAG will oversee the management and servicing of all claims tied to the UK motor portfolio. Davies Group will act as third-party administrator, providing operational support throughout the process. DARAG is tasked with delivering a claims solution that meets Unipol’s runoff objectives.
The transaction is part of DARAG’s broader strategy to expand its fee-based services, particularly in the UK market. The group positions such arrangements as operational support services that can either stand alone or precede full portfolio acquisitions under traditional legacy structures.
DARAG CEO Tom Booth (pictured above) said the company has developed a strong working relationship with Unipol and noted this marks the second agreement between the two firms.
“As DARAG focuses on core strengths with an eye both on our roots and our future, 2025 is proving to be a record-breaking year with this contract being the fifth executed in 2025,” Booth said.
Earlier this year, DARAG finalized a run-off portfolio transfer with wefox Insurance AG, covering motor damage, third-party liability, private liability, and property lines across Germany, Italy, and Switzerland.
The deal extended DARAG’s reach across multiple European jurisdictions and illustrated its focus on facilitating cross-border runoff arrangements involving diverse personal and commercial lines.
In May, DAG completed its fourth legacy transaction of the year through a loss portfolio transfer agreement with an undisclosed European insurer. The deal, focused on long-tail liabilities, was structured with the expectation of a future follow-on transaction.
As of mid-2025, DARAG has completed 67 transactions across 21 jurisdictions, with a cumulative transaction value exceeding €1.7 billion.
What are your thoughts on this story? Please feel free to share your comments below.
