Reinsurance News

Vienna Insurance Group

VIG acquires Aegon’s Hungary business for €620mn

23rd March 2022

Vienna Insurance Group (VIG) has acquired the business of the Dutch insurer Aegon in Hungary for EUR 620 million, after receiving the approval of the local Hungarian authorities. This completion is an important step towards the full closing of the sale of Aegon’s insurance, pension, and asset management businesses in Central ... Read the full article

VIG outperforms 2021 targets, but Ukraine means future uncertain

8th March 2022

Vienna Insurance Group (VIG) says it has outperformed all of its key figures for 2021, after reporting profit of €511.3 million, which increased 47.8% over the previous year to exceed its upper target range of €500 million. However, CEO Elisabeth Stadler warned that it remains “difficult to estimate” the company’s business ... Read the full article

VIG reports 41% rise in 9M profits

18th November 2021

Vienna Insurance Group (VIG) has reported a 41.2% rise in profit before taxes for the first nine months of 2021, which totalled €376 million, versus €266.3 million for the same period last year. The company also recorded a 0.9 percentage point improvement in its combined ratio of 95.2%, as the impact ... Read the full article

European Commission clears VIG Aegon acquisition

13th August 2021

The European Commission has given clearance for Vienna Insurance Group AG Wiener Versicherung Gruppe's (VIG) acquisition of Aegon’s businesses in Central and Eastern Europe. Last year, Aegon, a provider of life insurance, pensions and asset management, reached an agreement to sell its Central and Eastern European operations to VIG for ... Read the full article

VIG Re restructures management responsibilities in efficiency drive

6th March 2018

Reinsurer VIG Re has restructured its management responsibilities in a drive to realign its organisational structure and drive efficiencies. Dušan Bogdanović has been appointed to head up a new unit, Foreign Operations, coordinating operations in the current and newly planned branch offices and the subsidiary of the company. In his new role he ... Read the full article

VIG Re expands German presence with new Frankfurt office

3rd October 2017

Prague, Czech Republic domiciled reinsurer, VIG Re, the reinsurance arm of Vienna Insurance Group (VIG), opened a new office in Frankfurt, Germany at the end of September, 2017. The new unit will be led by Fabian Christoph, who joined the company in 2016 with a view to taking on this role. The ... Read the full article

Asirom VIG names Florin Niculescu Head of Underwriting, Reinsurance

11th July 2017

Romania's Asirom Vienna Insurance Group (Asirom VIG), which is part of Vienna Insurance Group (VIG), recently announced the appointment of Florin Niculescu has Head of Underwriting, Reinsurance unit. Niculescu brings almost 20 years of industry experience to the new role, and will be tasked with coordinating a team of 23 people. His new role ... Read the full article