Reinsurance News
wefox
wefox sells Italian entities to J.C. Flowers & Co., completes restructure
13th May 2025
Insurtech wefox has agreed to sell 100% of the shares in its Italian companies wefox MGA S.r.l. and wefox Services Italy S.r.l., to funds managed by J.C. Flowers & Co., a global private investment firm investing in the financial services industry. The transaction is expected to be completed by the end ... Read the full article
DARAG acquires run-off portfolio from wefox Insurance AG
14th January 2025
Legacy acquirer DARAG Group and wefox Insurance AG, the Liechtenstein-based insurer of wefox Group, have announced the transfer of a run-off portfolio, which includes Motor Damage, Third Party Liability, Private Liability, and Property business across Germany, Italy, and Switzerland. This transfer is part of the previously announced sale of wefox ... Read the full article
wefox to sell key carrier to Swiss consortium led by BERAG
3rd December 2024
Insurtech wefox Holding AG has reached an agreement with a group of Swiss companies (led by independent Swiss pension service provider BERAG) on the sale of Liechtenstein-based wefox Insurance AG. This follows the news from June about a restructuring effort, during which it was revealed that the Liechtenstein-domiciled insurance carrier, ... Read the full article
wefox hires Joachim Müller from Allianz as CEO, Mark Hartigan to continue as Chairman
20th September 2024
Insurtech wefox Holding AG has appointed Joachim Müller as its new Chief Executive Officer (CEO), effective immediately, while Mark Hartigan, who has served as both Chairman of the Board and interim CEO during the recent restructuring, will continue as Chairman. These appointments come at a crucial time for wefox, as it ... Read the full article
wefox completes two transactions to exit the German insurance market
2nd August 2024
InsurTech wefox has successfully completed two transactions to exit the German insurance market, aligning with the company's strategy to focus on profitable market positions of critical size If you recall, wefox's plans to exit the German market were announced in early July. It was revealed that wefox will only focus on ... Read the full article
wefox gets €25m capital injection from investors to support restructuring efforts
2nd July 2024
Insurtech wefox Holding AG, at its General Meeting, saw investors reaffirm their support for the company by providing an immediate fresh capital injection of €25 million. This capital will support the ongoing restructuring efforts for which the company has already taken substantial steps, with further capital being realized through the continued ... Read the full article
wefox appoints veteran Paul Onnen as CTO
20th November 2023
Insurtech wefox has announced the appointment of Paul Onnen as Chief Technology Officer (CTO), effective immediately, taking over the role from Sergi Banos who was promoted to Chief Platform Officer (CPO). In his new role, Onnen will lead the wefox platform business strategy, overseeing its implementation, development and operations. The company highlighted ... Read the full article
wefox appoints Wismer as Group CFO, Wesemann becomes new CIO
6th October 2023
Insurtech wefox has appointed Jonathan Wismer as its new Group Chief Financial Officer (CFO), while Co-founder and current CFO, Fabian Wesemann, has been named the new Chief Investment Officer (CIO). Wismer joins the company’s executive team, and he will also report to Julian Teicke, founder and CEO of the company. Wismer, an ... Read the full article
wefox secures $110m with J.P. Morgan and Barclays backed facility
17th May 2023
Germany-based insurtech wefox has raised a total of $110m with a $55m credit facility from J.P. Morgan and Barclays, the remaining $55m in equity was raised from both new and existing investors as a second closing of the Series D funding at a valuation of $4.5bn. According to the announcement, the ... Read the full article
wefox urges global insurance industry to improve customer experience
29th September 2022
Berlin-based insurtech, wefox, is calling on the insurance industry to improve customer experience after its Global Safety Report results revealed there is widespread dissatisfaction and lack of trust in the industry. At the same time, the report found that despite this sentiment and in the face of insurance rates and the ... Read the full article
wefox closes $400m Series D round, taking valuation to $4.5bn
12th July 2022
wefox, the Berlin-based digital insurer, has seen its post-money valuation increase to $4.5 billion after the company successfully closed a $400 million Series D funding round, led by sovereign investor Mubadala Investment Company. Comprised of both debt and equity, the raise also featured participation from Eurazeo, LGT, Horizons Ventures, OMERS Ventures ... Read the full article
wefox hits two million customers
1st July 2022
Berlin-based digital insurance firm wefox says that it has now reached two million customers. The company said that it has been doubling its revenues every year, having reached $350m in 2021. It claims to have already generated more than $200m in the first four months of business this year and is ... Read the full article
wefox appoints Hanna Jacobsson to Board
9th June 2022
wefox, a Berlin-based full-stack digital insurance company has appointed Hanna Jacobsson to the Board. The company has stated that Jacobsson will serve as a Non-Executive Director with immediate effect. An actuary by profession, Jacobsson started out her career specialising in finance and held roles such as Vice Chief Financial Officer (CFO) at ... Read the full article
wefox hires former Zurich Intl. head Huber as Chief Insurance Officer
20th September 2021
wefox, a full-stack digital insurance company based in Berlin, has announced the appointment of Peter Huber, formerly Chief Executive Officer (CEO) at Zurich International, as its Chief Insurance Officer, effective September 20th, 2021. wefox was founded in 2015 by Julian Teicke, Fabian Wesemann, and Dario Fazlic. The company’s goal is to ... Read the full article
wefox hires David Stachon as COO
28th June 2021
Berlin-based insurtech firm wefox Group has appointed Dr David Stachon as the Chief Operating Officer (COO). Stachon joins from Cosmos Direkt, where he was CEO and will take up his new position next month and will focus on driving the company’s global growth strategy. He started his career with McKinsey, where he ... Read the full article
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