DAS Canada is to join with Temple Insurance to advance as one
DAS Canada and Temple Insurance announce new MGA agreement
07:26 PM CET 2018/01/31
DAS Canada will join and shift its risk carrying capacity to Temple Insurance, the insurance carrier of Munich Re in Canada, to advance as one in further growing and leading the Legal Expense Insurance market in Canada.
Ownership of DAS Canada will jointly be held between Munich Re, Canada and ERGO International. DAS Canada will assume the role of a Managing General Agent (MGA) and continue to handle all Legal Expense Insurance sales, marketing, underwriting, administration, customer service and claims handling as before. The transaction is scheduled to be finalized in the third quarter of
“Transforming DAS Canada into an MGA in charge of handling the strong and growing legal expense business, while using Temple Insurance as the risk carrier will be beneficial to both sides involved, as well as to our broker and insurance partners” says Philipp Wassenberg, CEO and President of Munich Re of Canada and Temple Insurance. For DAS policyholders, nothing will change and they will benefit from an even stronger risk management and financial security level, as their new legal expense insurance carrier, Temple Insurance, is part of one of the world’s leading insurance companies. “This is an exciting new chapter in the evolution of DAS Canada, for our staff, partners and their customers, as we continue to build and lead the legal expense insurance market” says Barbara Haynes, CEO of DAS Canada.
DAS Canada and Temple will advance as one, with a common mission to provide access to justice for Canadian individuals and small business owners.