Swoboda, member of the company’s managing board, took over the new position following approval by Romania’s insurance regulator CSA.
Kasyk had been running the company since 2000, when Austrian group Grawe entered the Romanian insurance market.
Kasyk started to work for Grawe group in 2003, as project manager, and joined the management team of Grawe Romania in 2007 as a member in the company’s supervisory board. In 2010, he became member of the managing board and was tasked with supervising the company’s financial and control operations.
Grawe Romania has been operating on the local insurance market since 2000 and was ranked eighth among local insurers at the end of the first half of 2012.