Peter Bangsgaard appointed new CEO of WECOYA UNDERWRITING GmbH
Press release
Hamburg, 11 December 2025 – GGW Group has appointed Peter Bangsgaard as the new CEO of WECOYA UNDERWRITING GmbH, effective 1 January 2026. He will also continue in his role as overall responsible for the Nordic and UK entities.
WECOYA has a clear ambition: to become Europe’s leading MGA by 2030. To steer this journey, Peter brings more than 25 years of experience from the financial sector, including senior commercial leadership roles within major pension companies and prominent brokerage firms. His background spans strategic development, organisational transformation, and building distribution models that drive profitable growth.
The management of WECOYA Underwriting GmbH will consist of three persons, including Tim Lamm as Chief Commercial Officer and a Chief Insurance Officer.
WECOYA serves as a strategic platform for international insurers, providing underwriting, claims handling, policy administration, distribution access and regulatory support. For brokers, WECOYA creates value by offering fast time-to-market, competitive products, strong financial stability, and a consistently high service standard.
‘Peter has delivered strong results at Balticfinance and in his Nordic leadership role. With his extensive commercial experience, deep industry insight, and proven ability to develop organisations, WECOYA gains a leader capable of unlocking the substantial potential within the company,’ states Moritz Rutt, CEO of GGW Group.
Peter Bangsgaard comments: ‘I look forward to working closely with our talented colleagues and partners to realise the potential that WECOYA holds. The journey ahead is ambitious, but we have the right capabilities and opportunities to achieve our goals. Together, we will build a more focused and commercially driven organisation that strengthens our position with both brokers and insurers.’
WECOYA is entering a new phase defined by clearer responsibilities, faster decision-making and stronger alignment between strategy, performance and customer value. This next chapter will enhance WECOYA’s role as the preferred platform for insurers and brokers across Europe.
About WECOYA:
WECOYA UNDERWRITING GmbH is a subsidiary of GGW Group GmbH. It consolidates its MGA activities across the following lines: WECOYA MARINE, WECOYA PRIVATE & COMMERCIAL, WECOYA MOBILITY, WECOYA CEE, WECOYA SERVICES & CLAIMS, WECOYA NORDICS & BALTIC, and WECOYA TRANSACTIONAL RISK SOLUTIONS.
From locations in Germany, Austria, Denmark, UK, Iceland, Italy, Norway, Sweden, and Turkey, WECOYA handles risk assessment, the development of insurance solutions, and the issuing of binding offers on behalf of its clients. Furthermore, WECOYA is responsible for the creation and signing of insurance policies and contracts, as well as the complete claims management and settlement on behalf of insurers.
Press contact:
Nadja Benz
e-mail: nadja.benz@ggwgroup.de