DARAG Group Named Paul Martin Actuarial Adviser
The firm added an veteran industry expert to bolster its risk and capital oversight capabilities.
Updated on Sept. 21, 2026 in People
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DARAG Group has appointed Paul Martin as Non-Executive Senior Group Actuarial Adviser to strengthen its core risk and capital expertise. The move arrives as the company scales its operations, including a recent expansion into the Nordic insurance market.
Why it matters
The appointment provides DARAG with external actuarial oversight as it navigates complex portfolio transfers and market growth. This strategic addition is intended to ensure robust risk management as the company executes its international expansion plans.
Paul Martin brings 35 years of professional experience in the London insurance market to the role. The appointment supports the firm's recent portfolio transfer agreement with Denmark-based Domus Forsikring A/S.
The players
Paul Martin
An experienced actuary with over 35 years in the London insurance market and a history of senior roles at firms like Catlin and Aspen Insurance UK.
DARAG Group
An international legacy insurance acquirer that manages portfolio transfers and capital solutions for insurers across global markets.
Domus Forsikring A/S
A Danish insurer that recently entered into a portfolio transfer agreement with the DARAG Group.
The details
DARAG Group has tapped Martin to provide independent insight into its actuarial, risk, and capital functions. Martin brings significant experience from previous non-executive roles held since 2015 at firms including Lancashire Syndicates, Aspen Insurance UK, and IGI. His background also includes serving as Group Chief Actuary and Group Chief Risk Officer at Catlin, providing the firm with deep leadership experience during a period of cross-border growth.
Timeline
Paul Martin began serving in senior non-executive roles in 2015.
DARAG announced the appointment of Paul Martin on September 21, 2026.
Market Landscape
This appointment follows the expansion strategy set by the firm's recent entry into the Nordic market via the Domus Forsikring A/S agreement. It marks a broader industry trend of legacy insurers professionalizing risk oversight as they increase cross-border activity.
Operators in the insurance sector should monitor how DARAG integrates this independent oversight into its capital management strategy. Look for similar moves by competitors attempting to balance rapid geographic expansion with heightened risk compliance.
The takeaway
The appointment of a senior adviser with decades of experience signals an operational pivot toward more rigorous independent risk management. Business leaders should track whether such advisory hires precede further portfolio acquisitions in emerging regional markets.
Further reading
For more on shifts in industry leadership, visit our People section.
Source note: This article includes information reported by ReinsuranceNe.
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