Former R&Q CFO poached by DARAG
Tom Booth, the former group chief financial officer (CFO) of Randall & Quilter Investment Holdings (R&Q) in Bermuda, has been appointed group CEO of European run-off insurance company DARAG.
“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.”
DARAG said that over the last few years Booth has spent a significant amount of time sourcing and executing North American based legacy transactions, building on his previous experience in the UK and Europe. Booth joined R&Q from Numis Securities, where, as corporate finance director, he headed the corporate finance team for the non-life insurance sector.
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.”
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