ARAG Group’s Canadian subsidiaries ARAG Services Corporation and ARAG Legal Solutions have combined, effective January 01, 2022.
The amalgamation, which will bring both brands under ARAG Legal Solutions, was driven by ARAG’s acquisition of rival legal expense insurer DAS Canadian in March 2021. ARAG Group, based in Germany, is a global leader in legal expenses insurance (LEI) and is currently active in 19 countries.
Toronto-based ARAG Legal Solutions is a managing general agent (MGA) specializing in LEI. At year-end 2021, it had premiums under management of around 27 million euros (approx. CA$38.6 million). The MGA provides LEI products, underwritten by HDI Global Speciality SE, for families, landlords, condominium corporations / strata councils and small businesses in Canada.
After completing the acquisition and incorporation of DAS Canadian operations, the rebranding of ARAG’s Canadian entities is an “important milestone” for the firm, according to Dr. Renko Dirksen, Speaker of the Management Board of ARAG SE.
“We believe that all citizens should be able to assert their legal rights – regardless of their financial situation,” he said. “Thus, we are strongly committed to providing Canadian families and business owners with solutions to better manage their legal risks. The Canadian LEI market offers promising opportunities with sound growth potential helping us to advance our successful international expansion strategy.”
Barbara Haynes, CEO of ARAG Legal Solutions, added: “Our experienced team has done a tremendous job managing transition efforts, this past year. We got the job done with minimal disruption to our existing business partners and customers, while also gaining significant new customers as well.
“2022 will be another engaging year for Canadian staff, with the planned launch of new core and niche legal expense insurance and legal service solutions. We are excited about what’s within our short and long-term innovation pipeline, and we believe our business partners and customers will be, as well.
“Innovation is one of the strategic drivers within ARAG. When it’s combined with a customer-centric view of all operations, products, and services, the company is well positioned to drive the growth of legal expense insurance in Canada and deliver top-notch customer service.”