Wefox

There were rumors about an IPO of Wefox at the beginning of 2021. Now the plans have receded into the background - and the next financing round is more likely.

Aquisitions

DARAG Group, a leading legacy acquirer with a focus on the European and UK market, and Wefox Insurance AG, the Liechtenstein-domiciled insurance carrier of Wefox Group, announced the transfer of a run-off portfolio including Motor Damage and Third Party Liability, Private Liability and Property business across Germany, Italy and Switzerland.