Wakam UK reassures as European arm restricts activity
Capacity backer of brokers and managing general agents Wakam UK has confirmed it is “absolutely not” affected as the European arm addresses issues from the French regulator.
Wakam SA has been temporarily banned from underwriting new contracts and renewing existing ones after it received a decision from the French Prudential Supervision and Resolution Authority on 25 September.
A spokesperson for Wakam UK confirmed to Insurance Age: “Wakam UK is a separately incorporated and regulated UK insurance company, with its own independent board, capital resources and governance arrangements. Wakam UK remains solvent and growing. Its 2025 SFCR reported SCR coverage of 216% and
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