HAMILTON, Bermuda--(BUSINESS WIRE)--Premia Holdings Ltd. (Premia) announced today that Zsolt Szalkai, most recently the Chief Liability Officer of DARAG Group, a member of its Executive Committee and the Chief Executive Officer of DARAG Germany, will join Premia in May 2018 as a key member of its senior management team and president of its European operations.
Mr. 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. Prior to DARAG, Mr. Szalkai spent several years in the insurance solutions team at KPMG in leading roles advising on German and international M&A and restructuring projects. Mr. Szalkai will not join Premia until May 2018 to allow him to honor the terms of a non-compete agreement with his former employer.
Commenting on the recruitment, Premia Chief Executive Officer Bill O’Farrell noted, “We are extremely pleased to have attracted such a talented executive as Zsolt, who is a recognized leader throughout the European run-off market. 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 Holdings Ltd. is a Bermuda-based reinsurance group focused on reinsuring insurance and reinsurance portfolios and acquiring companies in runoff around the world. Premia currently has operations in Bermuda and the United States. Premia Holdings is majority owned by funds controlled by Kelso & Company and its co-investment partners. Arch Capital Group Ltd., through its subsidiaries, is a minority shareholder in Premia and a strategic reinsurance partner.
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