DARAG Overview
- Year Founded
-
1949

- Status
-
Private
- Employees
-
91

- 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
Website
www.darag-group.comCorporate Office
- Hermannstraße 15
- 20095 Hamburg
- Germany
Corporate Office
- Hermannstraße 15
- 20095 Hamburg
- Germany
DARAG Valuation & Funding
Deal Type | Date | Amount | Valuation/ EBITDA |
Post-Val | Status | Debt |
---|
DARAG Comparisons
Industry
Financing
Details
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 |
DARAG Signals
DARAG Investors
Investor Name | Investor Type | Holding | Investor Since | Participating Rounds | Contact Info |
---|
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 |
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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