Taylor Wessing advised the German wefox Group on the merger with "DIE Maklergruppe" Versicherungsmakler GmbH. On the Austrian market they now operate under the wefox brand. The previous managing directors Rainer Vogelmann (44) and Matthias Lindenhofer (44) will continue to manage the operational affairs of wefox Austria.
Wefox was represented by Taylor Wessing, the lead partner being Philip Hoflehner (Corporate). Also in the Taylor Wessing team: Philipp Samonigg (Corporate), Michaela Petritz-Klar (Tax) and Brigitte Sammer (Employment).
DIE Maklergruppe was represented by the attorneys Jörg Zehetner and Thomas Haberer of KWR Karasek Wietrzyk Rechtsanwälte.
DIE Maklergruppe and wefox had already entered into a close cooperation in 2017 and have since taken on a pioneering role in the further development of the digitalization for brokers. Among other things, they developed answers for broker partners to major regulatory challenges such as the new Insurance Distribution Directive (IDD). The successful cooperation now leads to a merger of Europe's leading InsurTech company and Austria's leading broker group.
Currently, wefox has 176 partner companies with around 230 insurance brokers in Austria. All existing cooperation agreements and conditions remain unchanged. The wefox Group has almost 400 employees internationally, serving more than 2,000 brokers and around 500,000 customers in nine countries. Turnover in 2019 was USD 130 million. sapien.