New hire hints at a ‘great pipeline’ of transactions and innovative legacy solutions in 2023.
DARAG seeks to further expand UK deal generation and business development efforts.
The legacy acquirer sees an uptick in appetite for legacy solutions in North America.
Darag is lining up small-to-mid-sized transactions; next deal due shortly.
Expect a more ‘unified’ and ‘consistent’ approach to M&A from the group now.
He most recently worked for a start-up MGA focused on North American specialty E&S.
The deal provides full legal finality for the underlying US P&C business of the counterparty.
Its key business lines are property damage, business interruption, and public and employers’ liability in the UK.
The executive has held the CRO role at Beazley for more than 10 years, having joined as group actuary in 2005.
The new asset adds "immediate boost to surplus" to enable nationwide roll-out.