Leading legacy acquirer DARAG has announced the appointment of Alex Roth as Chief Executive Officer and Peter Klingspor as Chief Financial Officer of its German risk carrier DARAG Deutsche Versicherungs- und Rückversicherungs-AG.
While Roth’s appointment was effective 1 July, Klingspor joins on 1 September, both will be based in Hamburg.
Roth, who first joined DARAG’s German entity in 2016, reports to group CEO Tom Booth and is also the Group Chief Strategy Officer responsible for the Group corporate development.
He will retain his group-level roles in addition to his position as CEO of DARAG’s German entity.
Klingspor most recently served as managing director of PRECIRE Technologies GmbH and, prior to that, was at Talanx in a series of senior roles, including head of strategy and group corporate development and CFO of Talanx Deutschland AG.
He began his career in 1992 at KPMG where he has been a German Certified Public Accountant and tax advisor.
“Germany is one of DARAG’s core territories and we have a longstanding and well-regarded presence in the entire German-speaking region,” said Booth.
“As a world-class provider of legacy and capital relief solutions, we have built an outstanding reputation as a trusted partner in Germany and these two appointments are testimony to our commitment to the market here.
“Alex and Peter are outstanding individuals who I have no doubt will spearhead DARAG’s continued growth in Germany and the German-speaking countries. I would therefore like to warmly welcome Peter to DARAG and congratulate Alex on his appointment.”
Roth added, “DARAG is an established player in German-speaking markets and we see significant opportunities to grow in the region as carriers look to simplify their operations and optimise their use of capital.
“As a best-in-class provider, we are well-placed to take advantage of these trends. I look forward to working with Tom and Peter in this next, exciting phase of our growth.”
