Tagged: wefox

January 16, 2025 @ 8:15 am By Omar Faridi  |  

DARAG Group, a legacy acquirer with a focus on the European and UK market, and wefox Insurance AG, the Liechtenstein-domiciled insurance carrier of wefox Group, announced the transfer of a run-off “portfolio including Motor Damage and Third Party Liability, Private Liability and Property business across… Read More

January 5, 2025 @ 6:35 am By Omar Faridi  |  

European Insurtech firm wefox has reportedly finalized a $170 million refinancing deal. wefox, a European insurance tech firm established back in 2015 by Julian Teicke, is said to be finalizing a €170 million refinancing deal that has been led by private equity company Searchlight Capital… Read More

December 3, 2024 @ 1:19 pm By Omar Faridi  |  

wefox is reporting a big change. The Germany-based Insurtech has reportedly reached an agreement with a group of Swiss companies led by the independent Swiss pension service provider BERAG on the sale of Liechtenstein-based Wefox Insurance AG. As announced in June of this year, the Liechtenstein-domiciled… Read More

September 22, 2024 @ 8:47 am By Omar Faridi  |  

wefox Holding AG has announced the selection of Joachim Müller as CEO with immediate effect. Mark Hartigan, who has served as both Chairman of the Board and interim CEO during the recent restructuring, will continue as Chairman of the board. Hartigan stepped into the CEO… Read More

August 1, 2024 @ 9:06 am By Omar Faridi  |  

As announced in June, wefox has continued to implement its exit from the German insurance market as part of the refocusing of its portfolio on profitable market positions of critical size. In this context, wefox Germany Holding GmbH has reportedly “reached an agreement with the… Read More

June 29, 2024 @ 4:07 pm By Omar Faridi  |  

Insurtech wefox, which is experiencing significant operational challenges, is now reporting that the insurance technology company is focused on its restructuring efforts as it receives support in the form of “strong’ investor support. At an Extraordinary General Meeting of wefox Holding AG held recently, all… Read More

June 19, 2024 @ 4:34 pm By Omar Faridi  |  

wefox investors have reportedly proposed €25 million capital injection to potentially stop the Ardonagh deal. London-listed Chrysalis Investments is said to be among the shareholders expected to provide €25 million into what was once one of Europe’s largest Insurtech firms, Sky News reported. Two of… Read More

March 7, 2024 @ 8:27 am By Omar Faridi  |  

wefox, an Insurtech firm, has announced the appointment of Mark Hartigan as its Executive Chairman and Chief Executive Officer. Julian Teicke will be transitioning into “the non-executive role of President, and remain Vice Chair of the Board of Directors after nine successful years of steering… Read More

February 22, 2024 @ 7:11 am By Omar Faridi  |  

wefox, which claims to be among the leading Insurtech firms, has appointed Dominik Ulrich as Chief Risk Officer (CRO), with immediate effect. Prior to this role Mr. Ulrich was working as Head of Internal Audit at wefox. Mr. Ulrich will now be expected to “lead… Read More

February 14, 2024 @ 8:32 am By Omar Faridi  |  

wefox and Wind Tre have selected HDI Embedded as an insurance partner. The partnership enables greater coverage and “extended warranty solutions for customers of Italian mobile operator Wind Tre.” wefox, which claims to be the world’s leading insurtech, and Wind Tre, the Italian multi-service operator… Read More

November 20, 2023 @ 8:29 am By Omar Faridi  |  

wefox, the European insurtech, has appointed Paul Onnen as Chief Technology Officer, with immediate effect. Mr. Onnen takes over the role from Sergi Banos who “was promoted to Chief Platform Officer (CPO) as the company accelerates its plans to launch the platform that will connect… Read More

November 4, 2023 @ 11:35 am By JD Alois  |  

Germany-based Insurtech Wefox has raised $55 million in debt financing following a funding round that valued the company at $4.5 billion. The news was covered by CNBC that reported UniCredit and Deutsche Bank provided the capital. The debt is convertible into equity at the next… Read More

November 2, 2023 @ 12:03 pm By Omar Faridi  |  

wefox, the Berlin-based insurtech, is launching a new brand claim: “wefox Empowering Insurance”. The new brand claim defines the company’s unique position “as more than just an insurance company.” It paves the way for wefox to also “provide a wide range of tech-enabled insurance solutions.”… Read More

October 9, 2023 @ 10:21 am By Omar Faridi  |  

wefox is stepping up its plans for profitable growth and global expansion with the appointment of Jonathan Wismer as its new Group Chief Financial Officer (CFO) “effective 1 October 2023.” Wismer joins the company’s executive team and “reports to CEO Julian Teicke, founder of wefox.”… Read More

October 5, 2023 @ 9:53 am By Omar Faridi  |  

wefox, which claims tobe one of the leading insurtech firms, has been appointed as affinity insurance partner by WINDTRE, Italy’s telecommunications business. The company has launched its own insurance agency, WINDTRE Assicurazioni, “to provide insurance directly to its customers.” wefox will provide “a range of… Read More

July 6, 2023 @ 4:44 pm By Omar Faridi  |  

wefox, which claims to be one of the world’s leading insurtechs, and GATE (Green & Advanced Transport Ecosystem), have formed a new partnership that uses digital solutions and a pay-per-use formula for the long-term rental of electric commercial vehicles, founded by Iveco Group. The multi-year… Read More

June 26, 2023 @ 6:06 pm By Omar Faridi  |  

wefox, which claims to be the world’s leading Insurtech, has made three new appointments to its Extended Executive Committee. Dr Ronny Fischer is appointed as SVP Strategy, Fabienne Doerig is appointed as SVP Operations and Dr Marc Olivier Morant joins the ExCo in his existing… Read More

May 17, 2023 @ 9:32 am By JD Alois  |  

wefox, a Germany-based Insurtech, has raised $110 million in Series D funding along with a $55 million revolving credit facility from Barclays and JP Morgan. The equity capital was raised at a valuation of $4.5 billion. wefox described the funding as buttressing its business model… Read More

May 7, 2023 @ 11:24 pm By Omar Faridi  |  

wefox, which claims to be one of the world’s leading Insurtechs, has launched its global affinity business, which connects insurance companies with partners to distribute insurance products. This new business “increases the existing distribution channel for wefox and extends the company’s ability to deliver insurance… Read More

April 20, 2023 @ 8:05 am By Omar Faridi  |  

wefox, which claims to be one of the world’s leading Insurtech firms, has recently “appointed Nicholas Walker as Chief HR Officer, with immediate effect.” Julian Teicke, CEO and founder of wefox said: “With Nick joining us as Chief HR Officer we are not only adding… Read More