Arag acquires Das UK
Arag Group and ERGO Versicherung AG, ERGO’s property & casualty insurer in Germany, have signed an agreement regarding the acquisition of Das UK, ERGO’s legal protection insurance business in the United Kingdom.
Das UK started business over 40 years ago and today runs a legal expenses insurance company (Das Legal Expenses Insurance Company Limited) as well as a law firm servicing legal expense claims (Das Law Limited), which are both supported by an administrative services company (Das Services Limited). Total gross written premium of Das Legal Expenses Insurance Company Limited was £129 million in 2022.
The agreement reached is subject to regulatory approval. Until it will be obtained, ARAG plc and Das UK will continue to operate independently without any changes to business and operations.
Arag Group previously acquired the operations and business of Das UK’s branch in the Republic of Ireland in 2019, as well as the entirety of ERGO Group’s Das business in Canada in 2021.
“The international business of the ARAG Group is a substantial part of our strategic positioning. This said, the planned acquisition of D.A.S. UK is a unique opportunity acquiring a complementary UK business and offering new perspectives for our customers and employees alike. Combining the profound knowledge and extraordinary skills of both entities will result in top-notch products and services for the benefit of all customers.” – Dr. Renko Dirksen, Speaker of the Board of Management of ARAG SE and Non-Executive Director at ARAG plc.
“We are excited about the opportunities this intended acquisition offers since we are pursuing a long-term strategy, strongly investing in the UK legal expenses insurance segment. We intend to offer a ‘best of breed’ portfolio to deliver even broader and better products as well as services to a wider customer base – always putting our customers and business partners first.” – Tony Buss, CEO of ARAG plc.