Insight and Intelligence on the London & International Insurance Markets

25 February 2018

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Darag secures exclusivity on VIG legacy book

Adam McNestrie and Catrin Shi 9 November 2017

European legacy specialist Darag is in exclusive talks to acquire a book of Italian motor business from Donau, a subsidiary of multinational insurer Vienna Insurance Group (VIG), The Insurance Insider can reveal.

Sources said the book holds just over EUR100mn ($116mn) of reserves. Most talks that reach exclusivity in the legacy space are consummated.

It is understood Darag had the upper hand in negotiations as it is able to conduct the transaction via its Italian subsidiary, which it acquired from...

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