ARAG acquires DAS’ Operations in the Republic of Ireland and continues to pursue its international expansion course


Media Information, 27.02.2019

The ARAG Group continues to move ahead with the internationalisation of its legal insurance business and is now about to launch operations in the Republic of Ireland. To that end, the family-owned enterprise based in Düsseldorf has agreed to acquire the Irish business operations of DAS Legal Expenses Insurance Company Limited in the Republic of Ireland which is part of the ERGO Group. ARAG and the DAS UK Group reached agreement on the business transfer and retention of the present staff in February 2019. DAS has been offering legal insurance products for private individuals and commercial enterprises in the Republic of Ireland for over 20 years. With a market share of roughly 60 percent and gross premium income of approximately 6 million euros in 2018, the company is the market-leading provider of legal insurance in the Republic of Ireland.

“The Republic of Ireland now becomes the 18th country served by the ARAG Group. We look forward to expanding our reach in Europe and securing promising growth options which is of major strategic interest to us,” explains Dr. Dr. h. c. Paul-Otto Faßbender, CEO and majority shareholder of the ARAG Group. ARAG recently founded entities in Canada and Australia.

The present management team will remain responsible for business operations in Dublin. The product portfolio offered by DAS Legal Expenses Insurance Company Limited’s Irish operations includes motor and family legal insurance as well as commercial legal insurance and assistance services. “This exciting development enables us to strengthen our relationships with our customers and business partners. I am really looking forward to working under the umbrella of the ARAG Group and together with our highly skilled and professional staff I am confident that we will consolidate and expand our market-leading reputation in the Republic of Ireland,” says Adrienne O’Sullivan, CEO DAS Ireland.

“We’re continuously reassessing our international business activities in terms of strategic relevance, market attractiveness and positioning”, says Alexander Ankel, Chief Operating Officer ERGO International AG. “This agreement is just another logical step to further driving our international portfolio optimization focusing on strategic important regions and markets with sustainable profitable growth.”

The acquisition of DAS Legal Expenses Insurance Company Limited’s Irish Branch still awaits approval by the relevant supervisory authorities for the insurance industry. Both parties have agreed to maintain confidentiality regarding the purchase price.

For further information, please contact:

Ronny Winkler

ERGO Group AG
Media Relations

Tel +49 211 477-3012
ronny.winkler@ergo.de
media-relations@ergo.de

About the ERGO Group AG

ERGO is one of the major insurance groups in Germany and Europe. Worldwide, the Group is represented in over 30 countries and concentrates on Europe and Asia. Within the group, three entities manage domestic and international business, as well as digital and direct business (ERGO Deutschland, ERGO International and ERGO Digital Ventures). About 42,000 people work for the Group, either as salaried employees or as full-time self-employed sales representatives. In 2017, ERGO recorded a premium income of 19 billion euros and rendered benefits to customers of 18 billion euros. ERGO is part of Munich Re, one of the world's leading reinsurers and risk carriers.
More at www.ergo.com

Disclaimer

This press release contains forward-looking statements that are based on current assumptions and forecasts of the management of ERGO Group. Known and unknown risks, uncertainties and other factors could lead to material differences between the forward-looking statements given here and the actual development, in particular the results, financial situation and performance of our Company. The Company assumes no liability to update these forwardlooking statements or to conform them to future events or developments.

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