DARAG Group, a (re)insurance specialist in discontinued business and capital and operational relief, has entered into a service agreement with UnipolSai Assicurazioni S.p.A. (Unipol), an Italian insurer within the Unipol Group.
Unipol is a major player in non-life insurance and motor vehicle third-party liability (TPL) in Italy.
Under this agreement, DARAG Deutschland AG (DAG) will handle and manage all non-proportional open claims from the runoff of Unipol Re, which was integrated into UnipolSai on 30 December 2023.
Tom Booth, CEO of DARAG, commented: “This deal represents an important milestone in the expansion of DARAG’s services. It is a natural development of our business model whereby we offer our unique local claims expertise in Europe to strategic clients, in the process generating valuable fee based revenue.
