ARAG purchases before-the-event business from Capita
ARAG, the Bristol-based legal services provider, has acquired the family and commercial before-the-event legal expenses business portfolio of Capita Assistance, a unit of the Capita outsourcing group.
According to managing director, Tony Buss, ARAG’s before-the-event business has grown significantly over the past two years.
However, he expects this latest purchase to substantially increase income in core broker and insurer markets.
Mr Buss adds that Capita has a “long and trusted reputation” and “very well established connections”.
With this in mind, ARAG says it aims to further develop these relationships by offering a wider, more comprehensive range of products and services.
Capita’s managing director, Richard Holland, comments that both companies not only share the same underwriter in Brit Insurance but also have a strong presence across Europe and he is therefore confident that the transaction “provides for minimum disruption to our customers”.
The acquisition follows ARAG’s purchase of ATE Ltd earlier this year.
The latter was established in 2001 and claims to have one of the UK’s largest solicitors’ networks selling a range of after-the-event products.
Category: Companies News, Insurance News
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