ARAG News

ARAG Group launches business in Canada underwritten in the London market

03 November 2016

 

The ARAG Group has continued its international expansion with the launch of ARAG Services Corporation in Canada. The new company is an approved Coverholder at Lloyd’s and has its headquarters in Toronto.

Heading up the new ARAG subsidiary is Peter Talacek who brings twenty years of experience in the Canadian insurance industry to the role of CEO. Initially, the company will operate in the three provinces of Ontario, British Columbia and Alberta.

Acting as an intermediary, ARAG Services Corporation will develop legal insurance products and manage underwriting, sales and marketing activities in the Canadian market. The company will primarily focus on group policies for private customers and small to mid-sized companies, sold through insurance brokers as well as unions and associations, following the distribution model for legal protection favoured in the UK market.

“We will be offering an impressive combination of outstanding products and excellent customer service for the Canadian market,” explains Peter Talacek. “Employment issues, defective goods, and tax matters can be very complicated and costly. We will support our customers by enabling them to assert their rights – regardless of their financial standing,”

ARAG legal insurance products also include legal services, such as a telephone legal advice and online access to an extensive range of downloadable legal documents.

“It has been great supporting the launch of ARAG in Canada,” adds ARAG UK boss, Tony Buss, “especially as we have just celebrated the 10th anniversary of our own formation in the UK. Canada is a much younger market for legal protection products, so we’re really looking forward to helping Peter and his team to bring the ARAG vision into a new territory.”

ARAG now operates in 17 countries in Europe and North America. The launch in Canada follows the Group’s expansion into Denmark, in 2015.

“Canada offers us extraordinarily interesting growth prospects, as legal insurance is largely unknown there,” explains Paul-Otto Faßbender, Chairman, CEO and majority shareholder of the ARAG Group. “The international legal insurance business is a major pillar of our business strategy. ARAG recorded 7.7 per cent growth in this segment alone and 511.2 million in premium income last year. ARAG has been successfully engaged in international business operations for 54 years.”

- Ends -

Notes to Editors

ARAG Services Corporation and ARAG plc are parts of the global ARAG Group, the largest family-owned enterprise in the German insurance industry. Founded in 1935, on the principle that every citizen should be able to assert their legal rights, ARAG now employs 3,800 people around the world and generates premium income in excess of €1.7 billion. 

ARAG has positioned itself as a versatile quality insurer. In addition to specializing in legal insurance, ARAG also offers its customers needs-based products and services from a single source through its strong subsidiaries in the German composite, health and life insurance segments.

Active in 17 countries, ARAG is also represented by international branches, subsidiaries and shareholdings in numerous international markets in which it holds leading positions as a provider of legal insurance and legal services.

Contacts

Rachael Wornes, Marketing Manager, ARAG UK, 0117 917 1578, pressoffice@arag.co.uk

Paul Jacobs, Director, Consultable, 079 0982 1731, paul@consultable.co.uk

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