There will soon be a new group CEO at DARAG.
The insurance and reinsurance firm that specialises in legacy acquisitions, has announced that Tom Booth will take the role beginning on July 23. Stuart Davies, the former CEO at Sompo Canopius, is expected to remain as executive chairman until the transition is complete, before moving into a non-executive chairman role thereafter and working with Booth on the company’s planned global expansion.
“DARAG is set on global growth, with several key transactions in core and new markets in recent months,” said Davies. “Tom is the ideal candidate to lead this continued expansion. DARAG has an unparalleled level of expertise and is able to provide capital efficient, tailored legacy solutions, no matter the size or complexity of the portfolio.”
Booth was most recently group CFO at Randall & Quilter Investment Holdings in Bermuda and has spent the last several years sourcing and executing North American based legacy transactions having previously focused on the UK and Europe markets. He was previously with NUMIS Securities in the role of corporate finance director.
“DARAG has an outstanding reputation as one of the market-leading providers of legacy solutions,” said Booth. “Legacy is a fast-growing market, with excellent revenue potential and a track record of delivering market-beating returns. DARAG’s expert team has deep knowledge and understanding of the global market, and I am honoured to be joining this exciting business as CEO.”