DARAG expands team following acquisition

Run-off insurer DARAG has expanded its management and executive teams following its acquisition by Keyhaven Capital Partners.

Zlost Szalkai, chief liability officer, has been appointed to the executive board.

Szalkai, who has been working for DARAG since 2009, will remain chief liability officer in charge of tailor-made solutions for ceding insurers. Going forward, he will also be responsible for insurance operations, reinsurance and business development in Eastern Europe.

Arndt Gossmann, chief executive officer of DARAG, said: “The market potential for legacy insurers is highly attractive, and with Solvency II a clear momentum has been introduced. I am pleased to welcome Mr Szalkai to the board. He is not only a strong leader, but a Europe-wide recognised expert in the areas of liability and capital management.

DARAG’s new management team will be complemented by Sabine Pelzer as chief risk officer and Nicola Robben as chief of staff. Pelzer has been the director of risk management since 2011 and previously worked for Generali. Robben has been responsible for the operational implementation and the repositioning of DARAG since 2010.