DARAG completes group management with new hire

DARAG, the run-off specialist, has appointed Eleni Iacovides as group chief clients officer, effective January 1, 2016.

This hire completes DARAG’s new group management committee and group structure, designed to cope with increased demand in light of the implementation of Solvency II, the company said.

Iacovides joins DARAG from law firm Goldberg Segalla Global where she has been partner since the firm’s establishment of its London office in 2012.

In her new position, Iacovides will be responsible for broadening DARAG’s presence across Europe and safeguarding the company’s client-centric relationship approach during growth.

“Eleni is a perfect fit for DARAG, having successfully worked with her in complex transactions for the last five years,” said Arndt Gossmann, chief executive officer of DARAG.

“She contributes both, outstanding technical abilities in developing run-off solutions for our clients and a broad network across Europe. Based on an established working relationship Eleni will be ‘on air’ from day one.”

Iacovides will also maintain a counsel position with Goldberg Segalla.

Daniel Gerber, Goldberg Segalla’s co-chair of the Global Insurance Services Group, said: “While we will miss seeing Eleni’s smile as often, we are thrilled for this exciting opportunity for her. We look forward to further partnership.”

Commenting on the strategic commercial goals of the DARAG Group, Gossmann said: “In 2016, we seek to strengthen and broaden our position in Europe. By number of transactions, we are probably the most visible run-off company in Continental Europe.

“Our ambition is to achieve growth by being closer to our clients and their business culture in all European markets, which are growing due to Solvency II. The core values of our business are efficiency, trust and confidence, which come hand in hand with proximity and having the right people in place.”