Completed · France · Financial services and insurance
AmTrust acquires Wakam.
AmTrust International, the London-based specialty insurance arm of AmTrust Financial Services, announced on 26 October 2026 that it has acquired Wakam, a Paris-based B2B2C insurer operating across Europe and the UK, including its subsidiaries Wakam SA and Wakam UK. Under the new ownership Wakam is fully capitalised and able to write new business and renew policies in all its jurisdictions. The deal completed on 26 October 2026.
SigningDay 100
Announced 26 October 2026 · Day 100 on 3 February 2027
- Buyer
- AmTrust Financial Services, Inc. (through AmTrust International) ·New York, United States
- Target
- Wakam ·Paris, France
- Type
- Acquisition
- Announced
- 26 October 2026
- Completed
- 26 October 2026
- Value
- Not disclosed
- People
- more than 230
- Last checked
- 29 October 2026
The people side in France
- A French target with 50 or more employees consults its works council (CSE) before any binding decision. Labour Code (Code du travail), articles L2312-8 and L2312-14
- In a sale of the business, a merger or another change in the employer's legal situation, all employment contracts in force continue with the new employer. Labour Code (Code du travail), article L1224-1
- Where a deal meets the French merger control thresholds, the parties wait for the final decision of the Autorité de la concurrence before completing it. Autorité de la concurrence: Contrôle des concentrations
- In sensitive activities, prior authorisation is needed for a foreign buyer taking control or a business line, or a non-EU/EEA buyer crossing 25% of votes (10% if listed). Direction générale du Trésor: Les conditions d'une opération soumise à autorisation préalable
- A foreign company without an establishment in France that hires staff there declares them and pays their social contributions in France, through the Urssaf Foreign Companies service. Urssaf: Foreign companies service
- Where the deal needs EU merger clearance, the buyer may not implement it before clearance. EU Merger Regulation (Council Regulation (EC) No 139/2004), article 7
Sources
More deals into FranceMore deals by buyers from the United StatesFinancial services and insurance dealsOctober 2026
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