Mubadala Investment Co. News

Wefox Appoints Former Allianz Executive Mueller as CEO to End Shareholder Fight

Wefox Holding AG appointed former Allianz manager Joachim Mueller as chief executive officer, ending a boardroom battle that pit the insurance tech startup’s founders against some of its shareholders. Mueller will replace interim CEO Mark Hartigan, effective immediately, Berlin-based Wefox …

German Insurtech Wefox to Replace CEO After Board Rejects Mubadala Sales Plan

Wefox Holding AG is replacing Chief Executive Officer Mark Hartigan after the German insurance tech startup’s board rejected a proposal by its largest stakeholder, Mubadala Investment Co., that he backed to sell the company. Hartigan, who took the position in …

Mubadala Proposal to Sell Insurtech Startup Wefox Opposed by Founders

Mubadala Investment Co. has proposed selling troubled insurance tech startup Wefox Holding AG to UK insurance broker Ardonagh Group Ltd. in a deal opposed by the German firm’s founders. The Abu Dhabi sovereign wealth fund has told Wefox shareholders it …