Legal expenses insurer nabs ATE

ARAG, the legal expenses insurer, has acquired broker ATE for an undisclosed sum.

ATE places nearly £4m worth of annual after-the-event insurance with underwriters. It also has a network of solicitors committed to working with ATE clients.

ARAG, started in 2006 by former directors from rival insurer DAS, is a Bristol-based managing general agency.

Tony Buss, managing director of ARAG, said: “This acquisition further shows our commitment to the UK legal expenses market and a further endorsement by our parent company to support our ambitious expansion programme. We are also pleased that the core members of staff will be retained.”