The latest update from ARAG, as they formally complete on the DAS UK deal.
ARAG Group is pleased to announce it has completed the acquisition of DAS UK, a legal protection insurance business in the United Kingdom.
DAS UK was purchased from ERGO Versicherung AG, a property and casualty insurance subsidiary of ERGO Group located in Germany. For the time being the business will remain independent from ARAG Group’s existing Managing General Agent in the UK trading as ARAG plc since 2006. Together the companies represented gross written premium of approx. £190 million and had around 800 employees in 2022.
Following completion, a new Executive Management Committee* (EMC) for ARAG UK will be established (subject to regulatory approval). It will include seven members in total: three from ARAG plc, three from DAS UK, and one from the wider ARAG Group of companies. Tony Buss will lead the EMC as CEO with Tony Coram, previously CEO of DAS UK, becoming COO.
Dr. Renko Dirksen, Speaker of the Board of Management of ARAG SE, said:
“This is an important moment for our Group as we continue to deliver against our strategy for growth and expansion in key international
markets. This now makes the UK our largest operation outside of Germany. I am pleased we have been able to establish a balanced EMC for ARAG UK and, while both companies will continue running operations separately for now, we will gradually work towards having both companies operate under the ARAG brand.”
The 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.
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