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The transaction is expected to be completed by the end of the second quarter of 2025, subject to customary closing conditions. The parties agreed not to disclose any terms of the transaction.<\/p>\nInsurtech 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.<\/p>\n
The transaction is expected to be completed by the end of the second quarter of 2025, subject to customary closing conditions. The parties agreed not to disclose any terms of the transaction.<\/p>\n
The two Italian subsidiaries focus mainly on affinity distribution with an emphasis on motor insurance, this transaction will not affect the pair\u2019s operational business.<\/p>\n
wefox customers and business partners in Italy will reportedly continue to receive high-quality administration services and claims handling support through their existing contacts.<\/p>\n
According to wefox, the transaction will provide additional financial flexibility and marks the successful completion of the group\u2019s restructuring,<\/a> which aimed to concentrate the company’s focus only on markets where it has profitable operations of critical size or is on track to achieve this within the next 12 months.<\/p>\n The team led by Joachim M\u00fcller, the Chief Executive Officer and supported by the investors, will now fully focus on developing the business and ensuring its sustainable financing.<\/p>\n In December 2024,<\/a> wefox Holding AG sold its Liechtenstein-based wefox Insurance AG to a group of Swiss companies, led by independent Swiss pension service provider BERAG.<\/p>\n In August 2024,<\/a> wefox completed two transactions to exit the German insurance market.<\/p>\n The post wefox sells Italian entities to J.C. Flowers & Co., completes restructure<\/a> appeared first on ReinsuranceNe.ws<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" 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 of the second quarter […]<\/p>\n","protected":false},"author":1,"featured_media":4252,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[10],"tags":[],"_links":{"self":[{"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/posts\/4250"}],"collection":[{"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/comments?post=4250"}],"version-history":[{"count":3,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/posts\/4250\/revisions"}],"predecessor-version":[{"id":4254,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/posts\/4250\/revisions\/4254"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/media\/4252"}],"wp:attachment":[{"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/media?parent=4250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/categories?post=4250"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/tags?post=4250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n\n![\"Download](\"http:\/\/calebdewey.com\/wp-content\/uploads\/2025\/05\/catastrophe-bond-ils-market-report-q1-2025-728x90-2.png\")
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