Ep 39 Slaying the myths of Legacy with Tom Booth of Darag

Today’s episode is all about legacy. Legacy used to be called
run-off and run-off conjured up slightly negative connotations of
difficult old greyhairs in dusty out of the way offices eking out
a dwindling pot of claims until retirement.


I used to think that its keenness to rename itself was a sign
that it wanted to rehabilitate itself in some way and that the
change was merely cosmetic or aesthetic.


But over the years it has become obvious that the words run-off
had themselves to be put into run-off.


This is because legacy has developed into a sophisticated capital
management tool and is far more about adding value and
operational efficiency than the handling of intractable old
claims.


Today’s guest is the embodiment of that leap in sophistication
over the past two decades.


Tom Booth is the CEO of Darag, a legacy player with access to
capital and global growth ambitions.


His background is high finance and I think it really shows
through in this encounter.


Legacy is becoming a very useful long-term partner of the
industry and people like Tom are only going to make it more
relevant in the future.


We slay a lot of myths in this episode, so stay tuned.


LINK:


We thank Claims Direct Access (CDA) for their support today.


Here is a link to their website:


https://www.claimsdirectaccess.com/