Arag to form new executive committee after completing Das UK acquisition

Arag Group will establish a new executive management committee (EMC) for its UK arm as the firm confirmed it had completed its acquisition of Das UK.

The deal was revealed in July 2023 and was announced as being complete in a statement released yesterday (16 January 2024).

In turn, a new EMC is being formed that will comprise three members from Arag’s managing general agent (MGA) Arag plc, three from Das UK and one from the wider Arag group of companies.

It will be led by Tony Buss as chief executive, while former Das UK boss Tony Coram will become chief operating officer.

“This development will bring benefits to all our stakeholders,” Buss said.

“It will allow us to share knowledge and skills and to bring new ideas, products and services to our customers, including further digitalisation of our offering.

“Our many dedicated employees are the key to achieving this as they support our customers every day. I am excited about how this new chapter will encourage even more collaboration and best practice.”

Das UK

Bristol-based Das UK, which was established over 40 years ago, is made up of the Das Legal Expenses Insurance Company, Das Law and Das Services.

Prior to joining Arag, it had been the legal protection insurance business for German insurance group Ergo in the UK.

Arag said that following the completion of the deal, Das UK will remain independent from its MGA for the time being.

Coram said: “This marks the start of a strong new partnership – one underpinned by experience, great people and a deep understanding of legal insurance.

“Together, we have the opportunity to invest for the long-term – in our UK based products, operations, systems and employees.”