ARAG appoints new CFO

Insurance firm ARAG has appointed Simon Barret as new CFO in preparation for the retirement of Bob Moreton, who is set to step down from the position in the first quarter of 2021. 

Barret 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. 

Managing director of the firm, Tony Buss, said that Barret brings a “wealth of experience” from several insurance businesses, which will be a “great benefit” to ARAG as it looks to expand. 

Barret 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 CFO, 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. 

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