DARAG executive to join Premia


Bermuda-based Premia Holdings has announced that Zsolt Szalkai, will join Premia in May 2018 as a key member of its senior management team and president of its European operations.

Szalkai was previously the chief liability officer of DARAG Group, a member of its executive committee and the CEO of DARAG Germany. Joining in May 2018 allows him to honour the terms of a non-compete agreement with DARAG.

“We are extremely pleased to have attracted such a talented executive as Zsolt, who is a recognized leader throughout the European run-off market,” said Premia CEO Bill O’Farrell. “He is an excellent insurance operator, who maintains the highest standards. This, as well as Zsolt’s experience in establishing and building run-off operations, makes him an excellent fit with Premia and we look forward to him leading and expanding our European operations.”

Premia said that Szalkai has established a track record of successfully executing run-off reinsurance transactions and acquisitions. He has deep expertise and broad experience, from leading the pricing, structuring and negotiation of run-off transactions, to managing the operational excellence and integration of such transactions.

Before joining DARAG, Szalkai spent several years in the insurance solutions team at KPMG in leading roles advising on German and international M&A and restructuring projects.

Premia Holdings, DARAG Germany, Appointment, Zsolt Szalkai, Europe, Bermuda

Bermuda Re