'
ProgramBusiness
 
  


  1. News Articles
  2. Related News Articles
  3. Comments
News Article Details

AIG Completed Sale of German Unit


Posted on 28 Apr 2009

Facebook LinkedIn Twitter Google

Augur Capital A.G., a German investment firm, has completed the acquisition of former American International Group Inc. unit Deutsche Versicherung und Ruckversicherungs-A.G.

AIG Europe S.A. subsidiary Wurtembergische und Badische Versicherungs A.G. agreed to the sale in December. Terms of the deal were not disclosed.

Berlin-based DARAG, which is in runoff, will be used to make further acquisitions of runoff portfolios, primarily in Germany and continental Europe, Frankfurt Augur said in a statement.

Arndt Gossmann, leader of the restructuring/insurance practice of KPMG A.G. Wirtschaftsprufungsgesellschaft, will become chief operating officer of DARAG by May 1, Augur said.


Comments

Post a Comment
If you are a Storefront / Tradingfloor user, click here to login.
Note: As a guest user, please fill out the form below to post a comment.
Post your comments here.
Name :
Email Address :
Captcha :
Comments :
Character left : 2000