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San Jose Building Tied to WeWork's Adam Neumann Faces Sale

Downtown San Jose office building faces seizure over payment dispute: docs

SAN JOSE A downtown San Jose office building is at the heart of a legal battle between the property’s owner and a construction company, a dispute that could…

Adam Neumann Faces Shortfalls on Flow Properties in Nashville

Ex-Allianz CFO Wemmer Plans to Form SPAC to Target Insurance Deals

Ex-Allianz CFO Wemmer Plans to Form SPAC to Target Insurance Deals Dieter Wemmer, a veteran insurance executive who was chief financial officer at Allianz SE, is launching a blank-check company to target deals in the sector where he worked for more than three decades, people familiar with the matter said. Wemmer plans to raise about 250 million euros ($300 million) on the Amsterdam stock exchange in May, the people said, asking not to be identified discussing confidential information. He’s teaming up with Murray Wood and Santiago Corral, co-owners of insurance-focused investment firm Nazare Capital, to create the SPAC. The executives have begun speaking with potential investors, the people said. They’re considering seeking targets among technology players in the insurance space, the people said. Wemmer, who’s a German national, will be executive chairman of the SPAC while Wood will serve as its chief executive officer, according to the people.

Ex-Allianz Insurance Veteran Wemmer Plans Amsterdam SPAC