DARAG appoints Maltese CEO and two country managers

 Run-off insurer DARAG has expanded its international business: by appointing a CEO for the group's Maltese risk carrier as well as two country managers.

On 1 August, Joanna Aquilina took up the position of CEO at DARAG Malta Insurance and Reinsurance PCC Ltd, a recently established risk carrier under the umbrella of the DARAG Group. Previously, Aquilina served as Director and Deputy General Manager for Aon in Malta.

"Joanna Aquilina has considerable experience in building and developing Protected Cells. A unique concept in the EU so far. With the PCC, we will significantly increase the value of Run-off transactions for our clients", says Arndt Gossmann, Head of DARAG Group and CEO of the German insurer.

Frédéric Allemand took on responsibilities as Country Manager for Italy, France and Spain on 1 August. Allemand has been a consultant for DARAG since September 2011. Prior to joining DARAG, he served as Business Development Senior Manager at Dexia.

"Frédéric Allemand has in-depth knowledge of the southern European countries. His wide network constitutes a strategic advantage for our business development in this region", says Gossmann.

Also starting on 1 August, Paul Van Coillie took on responsibilities as Country Manager for the Benelux countries and Eastern Europe.

Van Coillie joined DARAG in October 2012. He last managed the set-up of DARAG's Maltese insurer as CEO. Previously, he served as Senior Manager at Vanbreda Risks & Benefits.

"Paul Van Coillie has more than 35 years of experience in the insurance industry. Thanks to his long-standing expertise he is just the right candidate to ensure close proximity to the market and our customers", says Gossmann.