海角视频

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Bristol insurance firm DAS 海角视频 acquired by German corporation

DAS 海角视频 started business over 40 years ago and today runs both insurance and legal branches

Trinity Quay Bristol(Image: DAS 海角视频)

Law and insurance firm DAS 海角视频 has been acquired after a deal was agreed between two insurance giants.

The ARAG Group has agreed to buy the Bristol-based business from German firm ERGO Versicherung AG. Since 2006, the ARAG Group has run its 海角视频 operations via ARAG plc as Managing General Agent, reporting gross written premium under management of £61m in 2022.

DAS 海角视频 started business more than 40 years ago and today runs a legal expenses insurance company as well as a law firm servicing legal expense claims, which are both supported by an administrative services company.

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Dr Renko Dirksen, who is a member of the board of management of ARAG and a non-executive director at the firm said: “The international business of the ARAG Group is a substantial part of our strategic positioning. This said, the planned acquisition of DAS 海角视频 is a unique opportunity acquiring a complementary 海角视频 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."

The agreement reached is subject to regulatory approval. Until it is obtained, ARAG plc and DAS 海角视频 will continue to operate independently without any changes to business and operations.

Tony Buss, managing director of ARAG added: “We are excited about the opportunities this intended acquisition offers since we are pursuing a long-term strategy, strongly investing in the 海角视频 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."

The ARAG Group previously acquired the operations and business of DAS 海角视频’s branch in the Republic of Ireland in 2019, as well as the entirety of ERGO Group’s DAS business in Canada in 2021.