AmTrust International has completed its Wakam acquisition, adding an established French insurance operation and broadening its UK business. In the October 26, 2026 update, AmTrust said Wakam was fully capitalised under its new ownership and able to write new business and renew policies across all jurisdictions in which it operates.
Key Takeaways
- The completed deal brings Wakam’s French and UK insurance businesses into AmTrust International.
- AmTrust says Wakam is fully capitalised and can write new policies and renew existing cover.
- Management plans to develop products and distribution through complementary underwriting capabilities and partnerships.
Table of Contents
- Wakam acquisition brings operating businesses into AmTrust
- French presence adds to European reach
- Delegated underwriting shapes the growth plans
- Conclusion
Wakam acquisition brings operating businesses into AmTrust
The purchase adds Wakam SA and Wakam UK to AmTrust International, a specialty insurer and subsidiary of AmTrust Financial Services. Wakam operates a business-to-business-to-consumer model, serving customers through distribution partners across the UK and Europe.
For partners and policyholders, the immediate operational point is AmTrust’s confirmation that Wakam can write and renew business under its new ownership. The update does not disclose the purchase price, the size of any capital injection or a quantified financial contribution from Wakam.
| Item | Details |
|---|---|
| Combined workforce acquired | More than 230 employees across Wakam SA and Wakam UK. |
| Authorised insurance branches | The ACPR register lists 12 branches of authorisation for Wakam. |
| Cross-border permissions | The ACPR register lists 29 outgoing services passports. |
| Regulatory framework | The ACPR register identifies Wakam as subject to Solvency II. |
French presence adds to European reach
AmTrust said the transaction brings local knowledge and operations in France alongside additional capabilities in the UK. Wakam manages pan-European insurance programmes through a centralised decision-making structure.
Wakam’s French regulatory registration provides background on that footprint, listing authorised non-life insurance classes and outgoing cross-border services permissions. Those permissions describe the insurer’s regulatory reach, rather than establishing the completion or financial terms of the acquisition.
Delegated underwriting shapes the growth plans
Wakam’s delegated underwriting model and relationships with managing general agents complement AmTrust’s existing business, management said. The combination creates opportunities to offer additional products through the two organisations’ distribution networks, although those opportunities remain plans rather than reported results.
Peter Dewey, head of AmTrust International, said Wakam adds delegated-authority business lines that fit the group’s underwriting appetite and offers scope to enter new niche products and geographies.
AmTrust also expects Wakam to benefit from its underwriting experience, technical capabilities and operational resources. Wakam chairman and founder Olivier Jaillon identified financial strength, underwriting and actuarial expertise as support for the insurer’s long-term development.
Conclusion
AmTrust’s stated next steps are to develop the businesses’ product ranges and strengthen distribution across the UK and Europe. The Wakam acquisition is complete; the anticipated expansion of products and partnerships remains the work ahead.
Read More News
Disclaimer
This FinanceVelix article provides general information, not personalized financial, investment, legal, or tax advice. Market prices, interest rates and economic conditions can change; investments carry a risk of loss. Facts reflect the material available when published and may change. Check important information independently and consult a qualified professional when needed. Mentioning an asset, company, or service is not an endorsement.
