AmTrust buys capacity backer Wakam
AmTrust International has purchased capacity backer of brokers and managing general agents Wakam, including its two subsidiaries, Wakam SA and Wakam UK.
Bringing more than 230 employees, speciality insurer AmTrust said the acquisition will provide it with a platform to expand into Europe with local French expertise and presence, complementing its offerings in the UK.
AmTrust noted that Wakam’s delegated underwriting model and MGA distribution partnerships align with AmTrust’s approach and together offer growth opportunities across both product portfolios.
This acquisition is an exciting opportunity to expand into new niche products and geographies
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