Reinsurance News
Vienna Insurance Group
IFC to acquire 20% in VIG’s two Ukrainian non-life insurers
10th December 2025
The International Finance Corporation (IFC), a member of the World Bank Group, will acquire a stake of around 20% in each of Vienna Insurance Group’s (VIG) two Ukrainian non-life insurers, USG and Kniazha, through a capital increase, subject to regulatory approvals. With IFC’s support, the companies are expected to broaden their ... Read the full article
VIG’s profit increases by 31% to €872.8m at the end of Q3’25
25th November 2025
Vienna Insurance Group (VIG) has reported increases across all key figures in results for the first three quarters of 2025, with profit before taxes increasing by 31% to €872.8 million, driven by Special Markets, Poland, the Czech Republic and Austria. The significant improvement in the combined ratio at the end of ... Read the full article
VIG raises outlook for full year results following ‘outstanding’ Q1-Q3 figures
19th November 2025
Following its "outstanding" Q1–Q3 results, Vienna Insurance Group's management has raised the firm's full-year 2025 pre-tax target from €950 million–€1 billion to €1.10–€1.15 billion. This will come as no surprise to familiar readers, who may recall that back in August, VIG reported that profit before taxes rose to €531.4 million ... Read the full article
S&P upgrades VIG’s outlook to positive on earnings growth and diversification
23rd October 2025
S&P Global Ratings has revised the outlook of Vienna Insurance Group (VIG) and its core subsidiary VIG RE to positive from stable, while affirming its A+ insurer financial strength and issuer credit ratings. The rating agency noted that VIG has made significant progress in diversifying its business and expanding its scale ... Read the full article
Vienna Insurance Group to acquire NÜRNBERGER Beteiligungs-AG
21st October 2025
Vienna Insurance Group (VIG), an insurance group in Central and Eastern Europe, has signed a Business Combination Agreement with NÜRNBERGER Beteiligungs-AG. Under this agreement, VIG will make a voluntary public purchase offer to the shareholders of NÜRNBERGER, offering EUR 120.00 in cash per share. The proposed price represents a 173% premium over ... Read the full article
Peter Thirring named Chairman of VIG Supervisory Board
1st July 2025
Vienna Insurance Group (VIG) has announced that Peter Thirring will assume the role of Chairman of the VIG Supervisory Board, effective 1st July 2025. The decision was made during the constituent meeting following VIG’s 33rd Annual General Meeting. Thirring will succeed Rudolf Ertl, who will remain on the Supervisory Board as Deputy ... Read the full article
VIG posts 8.3% rise in GWP to €4.65bn in Q1’25
27th May 2025
Vienna Insurance Group (VIG) has reported an 8.3% increase in gross written premiums (GWP) to EUR 4.65 billion for the first quarter of 2025, driven by growth across all lines of business. The highest premium growth rates were seen in the Special Markets (+25.4%), Poland (+13%), and Extended CEE (+10.3%) segments, ... Read the full article
VIG expands presence in Poland by investing in Phinance
19th March 2025
Vienna Insurance Group (VIG) is expanding its market presence in Poland with the acquisition of a 48.82% stake in Phinance, one of the country’s largest financial brokers. Phinance specialises in insurance sales, financial consulting, and the sale of investment and credit products. The acquisition was approved by the Polish Office for Competition ... Read the full article
VIG establishes new L&H insurance company in Albania
24th January 2025
Vienna Insurance Group (VIG) has established ‘Vienna Life,’ a new insurer focusing on life and health (L&H) insurance in Albania, as part of its strategy to strengthen its presence in Southeast Europe. Vienna Life was granted its corporate license by the Albanian Financial Supervisory Authority on December 24, 2024. Vienna Life becomes ... Read the full article
VIG’s 9M’24 GWP rises to €11.5bn
26th November 2024
Vienna Insurance Group (VIG) has disclosed that gross written premiums (GWP) increased by 8% to €11.5 billion for 9M 2024, compared to last year’s €11.4 billion, as insurance service revenue grew more than 9% year-on-year to €9 billion. The insurer has revealed that the highest premium increases came from the Special ... Read the full article
Tobias Sonndorfer appointed CEO of VIG Re
4th September 2024
VIG Re, the reinsurance arm of Prague headquartered Vienna Insurance Group, has announced that Tobias Sonndorfer will take over from Johannes Martin Hartmann as Chief Executive Officer (CEO) and Chairman of the Board, effective January 1st, 2025. Sonndorfer joined VIG Re from Munich Re on January 1st, 2023, as a ... Read the full article
Vienna Insurance Group’s GWP climbs 7.9% in H1’24
28th August 2024
In their financial results for the first half of 2024, Vienna Insurance Group (VIG) has reported that its total volume gross written premiums (GWP) increased by 7.9% to reach €7,886.8 million. Particularly positive premium growth was reported in the firm's Special Markets segment (Germany, Georgia, Liechtenstein, and Türkiye) with an increase ... Read the full article
S&P upgrades VIG rating to A+ with stable outlook
17th July 2024
S&P has awarded Vienna Insurance Group (VIG) an excellent "A+" rating with a stable outlook. This places VIG among the top-rated companies in the Austrian Traded Index. The Group’s reinsurance company, VIG Re, based in Prague, also received an "A+" rating with a stable outlook. S&P attributes this high rating to VIG's ... Read the full article
VIG establishes EU-funded cyber security programme to combat rising threats
7th June 2024
Vienna Insurance Group (VIG) has launched a comprehensive Cyber Defence Center programme (CDC) to enhance protection against the growing threat of cyberattacks. This initiative receives financial support from the European Union through the European Cybersecurity Competence Centre. The risk of cyber-attacks on companies continues to rise, particularly with new threats driven by ... Read the full article
2024 to be a positive financial year for Vienna Insurance Group
31st May 2024
Following a successful 2023 financial year, the Vienna Insurance Group (VIG) predicts 2024 will also be a very positive year, with the Group aiming to achieve profit before taxes of up to €875 million. Hartwig Löger, Chairman of the Managing Board, spoke about this positive outlook during the Group’s Annual General ... Read the full article
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