WUEBA
(2004)

Württembergische und Badische Versicherungs-AG is a mid-sized non-life insurer focused on SME customers.  The main business lines are P&C and marine insurance. The policies are distributed through around 2,500 broker relationships.

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Investment details

• First insurer ever acquired by private equity investor in Germany

• Buy & build acquisition of an AXA subsidiary

• Exit to AIG in 2007

 

Seller

• Wuestenrot & Wuerttembergische

 

Buyer

• JC Flowers