DARAG Overview

  • Year Founded
  • 1949

Year Founded

  • Status
  • Private

  • Employees
  • 91

Employees

  • Latest Deal Type
  • PE Growth

  • Financing Rounds
  • 5

  • Investments
  • 18

DARAG General Information

Description

Provider of property and casualty run-off insurance services intended for insurers and reinsurers in the European and US markets. The company specializes in the assumption of legacy business and the provision of capital relief fullscale solutions, including the transfer of insurance portfolios, acquisitions of independent entities and structured reinsurance services, enabling clients to focus on core business and profitable expansion opportunities.

Contact Information

Formerly Known As
Schwarzmeer- und Ostsee Allgemeine Versicherungs
Ownership Status
Privately Held (backing)
Financing Status
Private Equity-Backed
Corporate Office
  • Hermannstraße 15
  • 20095 Hamburg
  • Germany
+49 040
Primary Industry
Property and Casualty Insurance
Other Industries
Re-Insurance
Corporate Office
  • Hermannstraße 15
  • 20095 Hamburg
  • Germany
+49 040

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DARAG Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA
Post-Val Status Debt

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DARAG Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Provider of property and casualty run-off insurance services intended for insurers and reinsurers in the European and US
Property and Casualty Insurance
Hamburg, Germany
91 As of 2023

Pembroke, Bermuda
 

Pembroke, Bermuda
 
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DARAG Competitors (36)

One of DARAG’s 36 competitors is Somers Re, a Private Equity-Backed company based in Pembroke, Bermuda.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Somers Re Private Equity-Backed Pembroke, Bermuda
Fortitude Re Private Equity-Backed Pembroke, Bermuda
The Hartford Financial Services Group Corporation Hartford, CT
Aspen Insurance Holdings Private Equity-Backed Hamilton, Bermuda
Antares Reinsurance Company Corporation Pembroke, Bermuda
You’re viewing 5 of 36 competitors. Get the full list »

DARAG Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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DARAG Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

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DARAG Investments (18)

DARAG’s most recent deal was a Buyout/LBO with Wefox (Run-Off Portfolio). The deal was made on 14-Jan-2025.

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Wefox (Run-Off Portfolio) 14-Jan-2025 Buyout/LBO Other Insurance
Re/insurance captive 19-Apr-2024 Buyout/LBO Other Financial Services
Darag Group (Captive Insurance Company) 01-Feb-2024 Buyout/LBO Other Insurance
SunPoint Reinsurance 08-Mar-2021 Buyout/LBO Re-Insurance
Arisa Assurances 22-Dec-2020 Buyout/LBO Automotive Insurance
You’re viewing 5 of 18 investments. Get the full list »

Affiliates

Subsidiaries (4)

Name Industry Location Year Founded
HVS Hamburger Versicherungs-Service Hamburg, Germany 2003
Arisa Assurances Luxembourg, Luxembourg 1995
Hanseatica Rückversicherungs Hamburg, Germany 1974
Darag Italia Milan, Italy

DARAG FAQs

  • When was DARAG founded?

    DARAG was founded in 1949.

  • Where is DARAG headquartered?

    DARAG is headquartered in Hamburg, Germany.

  • What is the size of DARAG?

    DARAG has 91 total employees.

  • What industry is DARAG in?

    DARAG’s primary industry is Property and Casualty Insurance.

  • Is DARAG a private or public company?

    DARAG is a Private company.

  • What is DARAG’s current revenue?

    The current revenue for DARAG is .

  • How much funding has DARAG raised over time?

    DARAG has raised $304M.

  • Who are DARAG’s investors?

    Aleph Capital Partners and Crestview Partners have invested in DARAG.

  • Who are DARAG’s competitors?

    Somers Re, Fortitude Re, The Hartford Financial Services Group, Aspen Insurance Holdings, and Antares Reinsurance Company are some of the 36 competitors of DARAG.

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