Gossmann & Cie completed the acquisition of SOVAG, a German re/insurer. Financial terms were not disclosed. "The acquisition of SOVAG marks a significant milestone towards delivering holistic and data-intuitive portfolio refinement solutions across Europe, at a time of increased interest and demand, just months after launching ExPRO. We bring onboard a great team of experienced insurance specialists, as well as very sustainable infrastructure and IT systems. The SOVAG hub will become the operational backbone of our new carrier, enabling us to introduce and scale our ongoing capital optimization offering in eight EU countries within the first quarter of 2020," Arndt Gossmann, Gossmann & Cie Founder.