Legacy specialist Darag has appointed James Halley group chief financial officer, replacing Mike Trotman.
Halley was most recently at Aegis London where he was finance director but he has been since spent two years traveling. His appointment follows hot on the heels of a new CEO hire after Darag appointed Tom Booth to take the helm in April.
Earlier this week the run-off acquirer entered a joint venture with US-based SOBC in a bid to grow beyond its European heartland into the North American, Caribbean and Bermudian legacy markets.
And last month the Keyhaven Capital-owned carrier completed a EUR260mn ($303.4mn) capital raise with Aleph Capital Partners and Crestview Partners.
”Halley replaces Mike Trotman, whose role was to deliver the recent fundraise,” Darag said in a statement.
“Darag has set on a path of global growth, building on our strong continental European roots and setting our sights on expanding in the US and beyond,” Booth said announcing Halley’s hire.
“The recent capital raise has added significant scale to our business, and we are determined to deliver exceptional value to all our stakeholders and counterparties,” he went on.
“James’ arrival is a milestone for us, and his expertise in the insurance market will prove invaluable as we continue to develop Darag into the leading, global firm it is now well-placed to be.”
“Darag development over the past year has been impressive, and the scale and scope provided by the recent capital raise will secure Darag’s position as a leading legacy provider,” Halley said.
“I am excited to work with the team to achieve our ambitious goals.”