ARAG appoints new CFO

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Legal expenses and assistance provider ARAG has appointed Simon Barrett as its next chief financial officer, in preparation for the retirement of Bob Moreton next year.

Barrett has worked in the insurance industry for most of his career, including senior roles with Mitsui Sumitomo, QBE, XL Group, Hamilton Insurance Group and Markel International.

“I’m very pleased to be welcoming Simon to the ARAG team,” commented managing director, Tony Buss. “He obviously brings with him a wealth of experience from several major insurance businesses that will be a great benefit to us as ARAG continues to grow.

Responding to Buss’s comments, Barrett added “I’m excited to be joining ARAG at such an important time in the company’s growth. It is clearly a very difficult time for so many businesses, all around the world, but ARAG has established a strong market position and has the backing of a very large and secure European group, which has provided a very solid foundation on which to build.”

Retiring chief financial officer Bob Moreton is one of the original team that founded ARAG’s UK operation in 2006 and has served as the senior finance officer and company secretary ever since. He will retire in the first quarter of 2021.

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Mark Dugdale is the editor of Claims Media. Mark welcomes articles, letters or feedback from readers and can be reached via mark.dugdale@barkerbrooks.co.uk