Hedge fund to build German run-off platform with DARAG deal
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Hedge fund to build German run-off platform with DARAG deal

German hedge fund Augur Capital has acquired former East German state marine (re)insurer Deutsche Versicherungs-und Rückversicherungs-AG (DARAG), in a potentially landmark deal that could see the discontinued insurer become a platform to acquire other legacy portfolios in the Eur66bn...

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