ARAG hires new chief financial officer from Markel

Legal expenses and assistance provider ARAG has appointed Simon Barrett as the company’s new chief financial officer (CFO), succeeding long standing CFO Bob Moreton.

Moreton will retire from the company in the first quarter of 2021. He was 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.

Barrett has worked in the insurance industry for most of his career, including senior roles with Mitsui Sumitomo, QBE and XL Group, as well as CFO of Hamilton Underwriting, and most recently finance director at Markel International.

Tony Buss, ARAG's managing director, said: “I’m very pleased to be welcoming Simon to the ARAG team. 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.”

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.”