European legacy acquirer DARAG has announced the appointment of Tom Booth as group Chief Executive Officer (CEO), effective July 23rd, 2018.
Stuart Davis remains Executive Chairman until the transition is complete, after which he is to become Non-Executive Chairman and work with Booth on a “significant” planned expansion of DARAG.
Booth joins from Randall & Quilter where he served as group Chief Financial Officer (CFO) in Bermuda. He has an impressive track record in the legacy insurance industry and has spent a significant amount of time sourcing and executing North American based legacy transactions over the last few years.
Commenting on his appointment, Booth said, “DARAG has an outstanding reputation as one of the market-leading providers of legacy solutions. 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.”
Davies added, “DARAG is set on global growth, with several key transactions in core and new markets in recent months. 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.”