Legacy acquirer Darag signs loss portfolio transfer with China Taiping UK
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Legacy acquirer Darag signs loss portfolio transfer with China Taiping UK

Luke Harrison
10 December 2021
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Darag_logo_hamburg_germany_2021.png

Legacy acquirer Darag’s German unit Darag Deutschland has signed an agreement for a loss portfolio transfer with China Taiping UK (CTI), a subsidiary of China Taiping Insurance Group.

The transaction includes CTI’s business underwritten in the Republic of Ireland, the Netherlands, Belgium and Denmark and will provide a clean exit to CTI.

CTI

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Luke Harrison
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