trending Market Intelligence /marketintelligence/en/news-insights/trending/WqK3Sd8KwalyN6m6laUccw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

DARAG seals portfolio transfer with German insurer SOVAG

Part Two IFRS 9 Blog Series: The Need to Upgrade Analytical Tools

2018 US Property Casualty Insurance Market Report

Fintech

Fintech Funding Flows To Insurtech In February

Lemonade Growing Premiums Faster Than Esurance's Homeowners Business Did


DARAG seals portfolio transfer with German insurer SOVAG

DARAG Group Ltd. signed a portfolio transfer agreement with German insurer Schwarzmeer und Ostsee Versicherungsaktiengesellschaft, or SOVAG.

The legacy book consists of direct insurance and inwards reinsurance business. The insurance business includes a number of specialty lines such as liability, property, transport and motor, with clientele based in Germany, Spain, Malta, Belgium, the Netherlands and Austria.

The inwards reinsurance portfolio includes European and international business, underwritten by SOVAG's U.K. branch, and German risks underwritten by its Hamburg office.

The legacy portfolio will be transferred to DARAG's German risk carrier, DARAG Deutsche Versicherungs-und Rückversicherungs-AG, subject to regulatory approval from Bafin, the German financial regulator. DARAG will provide complete finality as requested by SOVAG's shareholders following its restructuring, according to a statement.