DARAG boosts European risk management team

Legacy business re/insurer DARAG Group has hired Matthias Hahne as head of risk management for Europe and Dr Martial Hille as senior risk manager (quantitative risk management and regulation). Both will be based in Hamburg, Germany, and work closely with Alexander Roth, European CEO of DARAG, on governance, risk and compliance to ensure the governance model and structure of the growing European group are aligned.

With over ten years’ experience as a risk manager, internal auditor and actuary, Hahne joins from Talanx AG, where he was head of actuarial auditing. At Talanx, he was responsible for planning, controlling and monitoring Solvency II, Pillar I and Pillar II related audit areas. Hille also worked at Talanx, as an internal auditor. He has worked in risk management and internal auditing for almost a decade, primarily focussing on quantitative risk modelling, regulatory requirements, and internal and external risk reporting.

Tom Booth, group CEO of DARAG, said: “Having a strong risk management strategy is vital for us as a legacy provider, particularly as regulators rightly increase their focus on ensuring that the market is robust enough to weather potential risks. With the appointments of Matthias and Martial, who both have an excellent understanding of the regulatory landscape, we are further strengthening our risk management capabilities.”

Alexander Roth, CEO for Europe, also welcomed the appointments: “Increasing our resources in compliance and risk management enables us to further build upon our strong and ever-developing business model and ensures that DARAG is completely aligned with the requirements of the European regulators.”