Capital market firms Crestview Parters and Aleph Capital invested €260m in Darag, a privately held insurance company that specialises in taking inactive or discontinued (run-off) businesses from direct insurers and reinsurers. Stuart Davies, Chairman of DARAG, said: "We look forward to DARAG's next chapter in partnership with Aleph and Crestview. I have gotten to know both of our new shareholders well and I am confident that their extensive experience as investors in the insurance industry will benefit the company. DARAG's management team and its shareholders are fully aligned on the strategic ambitions and continued development of the company."