Ex-Allianz CFO Wemmer plans first European insurance SPAC
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Ex-Allianz CFO Wemmer plans first European insurance SPAC

Samuel Casey
16 April 2021
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Former Allianz CFO Dieter Wemmer is launching a special purpose acquisition company (SPAC) to pursue deals in the insurance sector in a first for European markets.

The seasoned executive plans to raise around EUR250mn ($300mn) on the Amsterdam stock exchange in May.

The SPAC will seek targets among technology companies in the insurance space, and is being advised by Bank of America.

The

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