DARAG has completed a legacy deal in Israel with an undisclosed insurer, said to be the first of its kind in Israel. The reinsurance transaction was made in cooperation with brokers Guy Carpenter (UK/Germany) and Resolutions Reinsurance Broker (Israel). Also, the Swedish regulator SFSA has approved DARAG's previously announced acquisition of Ikano Försäkring AB, the Swedish insurance arm of Ikano Group.
'Both these transactions are important steps for DARAG as we both continue to steadily grow the business in our core markets and approach new geographies in DARAG’s true pioneering spirit,' says Stuart Davies, executive chairman of DARAG. 'The acquisition of Ikano Försäkring AB is a key transaction for DARAG and demonstrates how we can add value to our clients and partners, while our Israeli transaction will provide a model for similar deals in the future.'