Reinsurance News
VIG Re
VIG Re appoints Frank Reichelt to its Supervisory Board
23rd October 2023
The reinsurance arm of Vienna Insurance Group, VIG Re, has appointed Frank Reichelt to its Supervisory Board. Reichelt is a reinsurance sector veteran who brings expertise that spans over 40 years. He currently holds several external mandates such as Board Member of the German Pharmapool, a Member of the Supervisory Board and ... Read the full article
Sven Trautner named CSO and Head of Corporate Development at VIG Re
7th September 2023
VIG Re, the reinsurance arm of Vienna Insurance Group, is pleased to announce the appointment of Sven Trautner as its Chief Strategy Officer (CSO) and Head of Corporate Development, effective October 1, 2023. In this pivotal role, Trautner will spearhead VIG Re's corporate strategy, overseeing the implementation and execution of strategic ... Read the full article
VIG reports double digit premium growth across all segments for Q1 2023
31st May 2023
Vienna Insurance Group reports double-digit premium growth in Q1 2023. The Group’s solvency ratio is at 284% which remains stable against the figure of 280% at the end of 2022. Despite numerous economic and geopolitical uncertainties, VIG remains cautiously optimistic for 2023 as a whole and still aims for a ... Read the full article
VIG Re reports improved combined ratio of 91.9% for 2022
2nd May 2023
VIG Re has published its annual report showcasing a combined ratio improvement of approximately 4.2 ppt to 91.9% in 2022, compared from the 2021 combined ratio of 96.1%. The company’s profit before taxes stands at EUR 30.7 million for 2022, which is a 14.6% increase from the previous year which was ... Read the full article
VIG Re appoints Dana Bohatová Chládková as Chief Actuary
12th April 2023
VIG Re, the reinsurance company of Vienna Insurance Group, has appointed Dana Bohatová Chládková as Chief Actuary and Head of Reserving. Chládková will become a member of VIG Re’s senior management team and will report to Johannes Martin Hartmann, CEO and Chairman of the Board of Directors, who said, “I am ... Read the full article
VIG Re reports “all-time highs” performance for 2022 with €30.7m profit
16th March 2023
VIG Re has published its preliminary financial results for 2022 reporting an “all-time highs” performance with a pre-tax profit of €30.7m, a 19.7% gross written premium (GWP) increase, to €792.3m, and an improved net combined ratio of 91.9%. The reinsurance company of Vienna Insurance Group noted that an “above average growth” ... Read the full article
VIG Re announces host of transitions within its senior management team
16th January 2023
VIG Re, the reinsurance company of Vienna Insurance Group, has announced that Cristina Ferrari will become the new Chief Underwriting Officer, while Catrina Gemmerich will become the new Managing Director of VIG Re’s German Branch. VIG Re states that the changes to the leadership team come in accordance with the established ... Read the full article
VIG Re appoint Tobias Sonndorfer to Executive Board of Directors
10th October 2022
VIG Re, the reinsurance company of Vienna Insurance Group, has announced the appointment of Tobias Sonndorfer as a new member of the Board of Directors, with effect from 1st January 2023. Sonndorfer has broad experience in both financial services and the reinsurance industry and will take over responsibilities for the reinsurance ... Read the full article
VIG Re reports successful year
28th April 2022
VIG Re saw its gross written premiums increase 14.2% YOY to €661m, as reported in its latest results. The firm said that profit before taxes had also risen, by 19% YOY, while its underwriting result increases 28.5% to €20.2m. In addition, it said that its total assets were up by 41% ... Read the full article
VIG Re reports higher profits and 13% premium growth
19th May 2021
VIG Re, the Prague-based reinsurance arm of Vienna Insurance Group (VIG), has reported improved profitability over the first quarter of 2021, helped by strong premium growth of 13%, compared with the same period last year. Profit for the Q1 2021 period totalled €2.79 million, compared with €2.42 million in Q1 2020. Meanwhile, ... Read the full article
Aleš Mirnik to succeed Petr Štěpán as Head of CEE at VIG Re
19th July 2019
Aleš Mirnik has been appointed as the new Head of Central & Eastern Europe (CEE) at Czech Republic domiciled reinsurer, VIG Re. Effective August 8th, 2019, Mirnik takes over from Petr Štěpán as Head of VIG Re's CEE business, taking responsibility for all of the company's Non-Life treaty underwriting for the ... Read the full article
VIG Re continues European expansion with new Paris branch
26th November 2018
VIG Re, the Prague-based reinsurance arm of Vienna Insurance Group (VIG), has continued its planned expansion into the West European market with the opening of a new branch in Paris. The Paris branch will allow VIG Re to serve customers in France, Belgium and Luxembourg, which the reinsurer said will form ... 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
Chevrel joins VIG Re from PartnerRe to lead Western Europe team
17th October 2017
Patrick Chevrel is to join reinsurer VIG Re from Bermuda's PartnerRe to lead a newly established underwriting team for Western Europe, reporting to Chief Executive Officer (CEO) of the Czech Republic domiciled reinsurer, Johannes Martin Hartmann. Chevrel will lead the new business unit, and have responsibility for developing the firm's business with ... 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
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