DARAG, in a deal with ADAC Versicherung AG, acquires Arisa, an an automobile and travel insurance company based in Luxembourg.
6 August 2020 – DARAG Group Limited (“DARAG”), a leading legacy acquirer, today announced the acquisition of Arisa Assurances SA (“Arisa”), an automobile and travel insurance company based in Luxembourg. The transaction will be conducted through DARAG’s German risk carrier, DARAG Deutsche Versicherungs- und Rückversicherungs-AG, and is subject to regulatory approvals.
Arisa is a subsidiary of ADAC Versicherung AG, belonging to ADAC SE, a public company limited by shares under EU law offering mobility-oriented services and products. Motor third party liability business forms the majority of Arisa’s existing portfolio, which has been in run-off since 2018.