Legacy acquirer DARAG Group Limited is on a roll. Earlier this year it completed a portfolio transfer in Italy, in July it entered the British market, and now it has reached an agreement in Germany with Zurich Insurance Plc, the Irish wholly-owned subsidiary which acts as Zurich Insurance Group’s main legal entity for writing non-life insurance business in Europe.
The deal involves Zurich’s German architects and engineers professional indemnity insurance portfolio. It will see Hamburg-based DARAG Deutsche Versicherungs- und Rückversicherungs-AG assume reserves in excess of €180 million.
You've reached your limit - Register for free now for unlimited access
To read the full story, and get unlimited access to Insurance Business website content, just register for free now. GET STARTED HERE
Already a website member? Log in below.