Reinsurance News
Vienna Insurance Group
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
VIG sees GWP increase to €4.3bn in Q1 as it remains on course for growth
29th May 2024
Vienna Insurance Group (VIG) has revealed that its gross written premiums increased to €4.3 billion in the opening quarter of 2024, up by 11% compared to 2023's Q1 figure of €3.9 billion. Hartwig Löger, CEO and Chairman of the Managing Board of VIG commented, “VIG once again recorded double-digit premium growth ... Read the full article
VIG reports double-digit premium growth and strong increase in profit for FY’23
14th March 2024
Vienna Insurance Group, an insurer in the Central and Eastern European region, has reported double-digit premium growth and a solid increase in profit during a particularly successful financial year 2023. Gross written premiums (GPW) hit €13.8 billion, a 10% increase on 2022, with profit before taxes of approximately €773 million, a ... Read the full article
VIG Re set to raise €150m additional equity to drive growth
7th December 2023
VIG Re, the reinsurance arm of Vienna Insurance Group, has announced the increase of its registered capital by €100 million in 2023, and the authorisation of its Board of Directors to increase the registered capital by an additional €50 million in the following two years. VIG Re explained that its General ... Read the full article
Vienna Insurance Group announces change in management
30th June 2023
Vienna Insurance Group (VIG) has announced that Hartwig Löger will take over the Chairman’s position of the Managing Board from Elisabeth Stadler. According to the firm, at the end of August 2022, Stadler announced she would not renew her mandate, which runs until 30 June 2023. She has been CEO of VIG ... Read the full article
VIG posts higher FY22 premium volume, confirming preliminary results
19th April 2023
Vienna Insurance Group (VIG) reported total premium volume of €12.6 billion for FY22, up 14.1% from the year-ago figure of €11.0 billion, confirming the preliminary figures announced on March 15. The company noted that the amount includes the Aegon businesses in Hungary and Türkiye that were acquired and consolidated for the ... Read the full article
VIG expecting higher premium volume in FY22 results
15th March 2023
Vienna Insurance Group (VIG) has announced its preliminary results for FY22, which includes a total premium volume of €12.6 billion, exceeding the value of the previous year by €1.6 billion, or 14.1%. VIG noted that the figure includes the newly acquired insurance companies in Hungary and Türkiye, which bring a premium ... Read the full article
Löger named CEO amid VIG Board change-up
30th November 2022
Hartwig Löger has been named as Chief Executive Officer and Chairman of the Managing Board of Vienna Insurance Group (VIG), following a vote on the future composition of the Board. Löger will take over from 1st July 2023, with Peter Höfinger to serve as his deputy. Also comprising the new Board are ... Read the full article
VIG sees significant premium growth of 13.6% to €9.5 billion in Q3
15th November 2022
The Vienna Insurance Group (VIG) has reported premium growth across all lines of business and segments in Q3, with a total increase of 13.6% to €9.5 billion. The group notes that this includes the first-time consolidation of the most recently acquired insurance companies in Hungary and Türkiye, with premiums of around ... Read the full article
VIG sees premium growths of over 11%
18th May 2022
The Vienna Insurance Group (VIG) has reported premium growth in Q1 2022 of 11.2% to €3.45bn. However, VIG said it had seen its profits before taxes fall by 3.3% to €124m. In addition, VIG said it had seen premium growth across all business lines and segments. In motor third-party liability (+18.8%), ... Read the full article
- ← Previous
- 1
- 2
- 3
- Next →
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
