DARAG appoints James Insley as CFO
DARAG, the leading legacy acquirer, today announces that James Insley has joined DARAG as Group CFO, reporting to Tom Booth, CEO, pending regulatory approval. The appointment is effective September 2, 2019.
James Halley, current Group CFO, who during his time at DARAG assisted the completion of the business’s strategic capital upscaling and the Group’s recent expansion, will leave the business in mid-September.
Tom Booth, Group CEO at DARAG: “James Halley helped complete the investment by Aleph and Crestview into DARAG, which was a crucial milestone in the delivery of DARAG’s exciting expansion during the past year. James also built a finance team and brought in improved processes across the Group which leave us very well equipped for the future. We are extremely grateful for his work during this recent transformational period as well as the deep experience and professionalism he brought to the role. James has decided to pursue other opportunities and we wish him very well, knowing that he will be an asset to any business he joins, as he has indeed been for DARAG during the past year.”
Insley brings 20 years of insurance industry experience to the role, having most recently served as European CFO of the Warranty Group. Prior to joining the Warranty Group, he had a distinguished career at Brit, holding a succession of senior roles, including head of group financial performance and head of capital management. He started in insurance as assistant international controller at GE, before joining Swiss Re after GE Frankona was acquired by the Swiss reinsurer.
Tom Booth, Group CEO at DARAG: “DARAG continues to grow, with an excellent deal pipeline, the ongoing execution of which is raising the Group’s profile, further adding to its excellent track record and bringing greater diversification, balance sheet strength and capital efficiency. James Insley is a deeply experienced and skilled finance professional in the insurance sector and we look forward to welcoming him as part of the management team as we continue to develop DARAG for the long term.
About DARAG:
DARAG is a leading international insurance and reinsurance company specialising in the assumption of discontinued business and the provision of capital relief solutions. Building on its strong European roots with a recently announced expansion, through SOBC DARAG, into the US and Bermuda, DARAG has completed 27 run-off transactions in 16 countries with a value in excess of €750m. For more information, please visit: www.darag-group.com
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