AmTrust International Completes Acquisition of Wakam
The specialty insurer gains expanded access to European and UK markets through its acquisition of Wakam SA and Wakam UK.
Updated on Oct. 26, 2026 in Financial Services
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AmTrust International has finalized its acquisition of Wakam SA and Wakam UK, a business that operates with over 230 employees. The deal allows AmTrust to grow its specialty insurance footprint across Europe.
Why it matters
This acquisition serves the strategic goal of expanding AmTrust International's specialty insurance operations across Europe and the UK. By integrating Wakam, the firm gains access to established distribution partnerships and insurance licences.
The acquired business currently employs more than 230 people and holds insurance licences throughout most European nations. Wakam operates primarily through a delegated underwriting model and MGA distribution partnerships.
The players
AmTrust International
This is a specialty insurance provider focused on providing coverage and risk management solutions across global markets.
Wakam
This company acts as a B2B2C insurance manufacturer that works with distribution partners to provide white-label insurance products.
French Prudential Supervision and Resolution Authority
This is the French regulatory body responsible for overseeing the banking and insurance sectors to ensure financial stability.
The details
Wakam SA had previously faced a temporary ban on underwriting and renewing contracts, which was imposed by the French Prudential Supervision and Resolution Authority on 25 September 2026. Following the acquisition and subsequent capitalization by AmTrust, Wakam has resumed writing and renewing insurance policies.
Timeline
25 September 2026: Wakam SA received a temporary underwriting ban from French regulators.
26 October 2026: The acquisition of Wakam SA and Wakam UK was completed.
Market Landscape
This deal underscores the ongoing consolidation within the European specialty insurance sector as firms seek to secure regional underwriting licences. By acquiring a player with extensive MGA distribution partnerships, AmTrust positions itself to better navigate the competitive landscape of delegated underwriting.
Policyholders underwritten by Wakam can expect a return to normal service levels now that the firm has resumed writing and renewing contracts. Clients should see no further interruption to their insurance coverage following the acquisition and capital infusion.
The takeaway
The acquisition stabilizes Wakam's operations after recent regulatory challenges while expanding the footprint of its parent company. Clients of the firm should verify their specific policy status to ensure seamless renewals following the ownership transition.
Further reading
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