AmTrust International Acquires Wakam

AmTrust International , a subsidiary of AmTrust Financial Services, has acquired Wakam , expanding its presence in France and its insurance operations across Europe and the UK. Financial terms were not disclosed.

The acquisition includes Wakam SA and Wakam UK, which together employ more than 230 people. AmTrust said Wakam is now fully capitalized and able to immediately write new business and renew policies across all jurisdictions in its portfolio.

Wakam designs white-label insurance products for distribution partners, including coverage embedded into partners’ customer journeys. Its delegated underwriting model and MGA relationships align with AmTrust’s distribution approach. Licensed across most European countries, Wakam also supports pan-European programs through centralized decision-making.

“Wakam highly complements our international business, adding business lines, with delegated authority, that fit well within our appetite. As a leading specialty carrier with six core products, this acquisition is an exciting opportunity to expand into new niche products and geographies. We are pleased to welcome the Wakam team to AmTrust and look forward to working together on profitable growth.”

– Peter Dewey, Head of AmTrust International.

The deal gives AmTrust a French platform and adds complementary business in the UK. Wakam will gain access to AmTrust’s underwriting and actuarial expertise, global resources, MGA relationships and broader product portfolio.