DARAG strengthens core team with three senior appointments
DARAG, a leading European run-off insurance company, today announces the appointment of Mike Trotman as CFO and Alex Roth as Head of M&A. Jim Wilson, Group Chief Actuarial Officer also assumes the role of Group Chief Transaction Officer. The three appointments are key to the future of the Group and its position as the leading continental legacy acquirer.
During the course of his distinguished career, Trotman has served in a number of executive roles, spending the last 14 years as CFO of the private equity backed retailing businesses of TM Lewin and Hobbs. Prior to that, he held international finance director roles in the Oil & Gas contracting and intralogistic businesses of ABB and Aker respectively. Trotman began his career at Mercers Bryant CA, before becoming a manager at Deloitte Haskins & Sells.
Wilson joined DARAG in April 2015 as Group Actuary. Before joining DARAG, he moved to Cologne to set up KPMG’s first non-life actuarial practice with particular focus on USGAAP and then focussed on impact studies and auditing of internal models in the run up to Solvency II.
Roth joined DARAG’s Transaction team in February 2016 and has managed a number of key projects for the business, which have since successfully closed and added to the Group’s balance sheet. Prior to that, Roth worked at EY and an M&A boutique firm in Luxembourg in the field of Distressed M&A and Restructuring including Crisis &Turnaround Management.
Stuart Davies, Executive Chairman of DARAG, said: “Mike is a consummate financial professional with a proven track record in senior positions. Alex brings a breadth of M&A experience both on the buy and sell side and his investment banking background is key to the strategic direction of the Group, and, in an ever more complex market environment, Jim’s transactional and actuarial expertise have become vital to DARAG’s core operations. Their appointment signals our intention to strengthen and grow the business, with substantial transactions in our core geographies in the pipeline. I am therefore delighted to welcome Mike to the DARAG team and look forward to working with him in the future.”
DARAG
DARAG is the first German insurance and reinsurance company specialising in the assumption of discontinued business and the provision of capital relief solutions. DARAG Group has its origins in the German DARAG Deutsche Versicherungs- und Rückversicherungs-AG. Since 2009, DARAG has signed 25 run-off transactions from 14 countries with a volume in excess of 700m euros. For more information, please visit www.darag.eu.
Media contact
Peter Rigby
Haggie Partners LLP
Tel.: +44 207 562 4444,
email: peter.rigby@haggie.co.uk
Samantha Whiteley
Haggie Partners LLP
Tel.: +44 207 562 4444,
email: samantha.whiteley@haggie.co.uk
Jakub Stawiski
Haggie Partners LLP
Tel.: +44 207 562 4444,
email: jakub.stawiski@haggie.co.uk