Former R&Q CFO joins DARAG as CEO

European run-off insurance company DARAG has appointed Tom Booth as its group CEO.

Booth is the former group chief financial officer of Randall & Quilter Investment Holdings (R&Q) in Bermuda.

Over the last few years, Booth had spent a lot of time sourcing and executing North American based legacy transactions, building on his previous experience in the UK and Europe.

Prior to R&Q, Booth served as corporate finance director at Numis Securities, where he headed the corporate finance team for the non-life insurance sector

“DARAG is set on global growth, with several key transactions in core and new markets in recent months,” said DARAG executive chairman Stuart 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 added: “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.”