Darag
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The original cedant is a French P&C, motor and D&O specialist.
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CEO Booth says legacy carrier plans European and global expansion.
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Elliott Goss will become the group’s head of claims from 17 August and be based in London.
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The executive was responsible for business development and partnership relationships at Darag.
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The German insurer finally concludes the sale 18 months after it first brought the legacy portfolio to market. -
The unit will be used as a consolidator for certain non-EEA legacy deals.
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The executive will leave the legacy carrier at the end of the month.
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The executive has investment from private-equity house Partners Group and is already considering transactions.
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The executive moves to the Hamburg-based company from the position of head of legacy solutions restructuring in North America.
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The portfolio holds almost $200mn in net reserves.
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The experienced executive joins the legacy acquirer from The Warranty Group.
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The legacy acquirer will provide complete finality for shareholders.
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