Legal expenses insurance provider ARAG has appointed Simon Barrett as the company’s newest chief financial officer.

Barrett had previously held senior roles with Mitsui Sumitomo, QBE, XL Group, Hamilton Insurance Group and Markel International.

“I’m very pleased to be welcoming Simon to the ARAG team,” said ARAG managing director Tony Buss. “He obviously brings with him a wealth of experience from several major insurance businesses that will be a great benefit to us as ARAG continues to grow.”

“I’m excited to be joining ARAG at such an important time in the company’s growth,” commented Barrett. “It is clearly a very difficult time for so many businesses, all around the world, but ARAG has established a strong market position and has the backing of a very large and secure European group, which has provided a very solid foundation on which to build.”

Following the appointment, Barrett succeeds longstanding CFO Bob Moreton, who retires next year. Moreton is one of the original team that founded ARAG’s UK operation in 2006; he has served as the senior finance officer and company secretary ever since.