Premia Holdings Ltd. (Premia) has hired Zsolt Szalkai, most recently Chief Liability Officer of DARAG Group, a member of its Executive Committee and the Chief Executive Officer of DARAG Germany, to join its senior management team and become president of its European operations.
Szalkai will join Premia, a run-off and total-return focused reinsurer that was launched by Arch Capital and investors Kelso Group, and take up his new position in May 2018.
Premia Chief Executive Officer Bill O’Farrell, commented on the hire; “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.”
Szalkai has a track record in run-off reinsurance transactions and acquisitions, with expertise and broad experience gained in leading the pricing, structuring and negotiation of run-off transactions.
Before DARAG, Szalkai spent a number of years at KPMG in the insurance solutions team, holding roles advising on German and international M&A and restructuring projects.
Premia Re was founded in January as a start-up Bermuda-based property & casualty insurance and reinsurance run-off group, with a $510 million initial capital raise and backing from Arch Capital and Kelso & Company.
