Changes in Management and Market Responsibilities at VIG Re
Dusan BOGDANOVIC took over the lead on the new unit "Foreign Operations", coordinating the back-office operations in the current and newly planned branch offices and the subsidiary of the Company. Furthermore, he is leading the establishment of a new service company based in Belgrade, responsible for administrative and analytical support of the underwriting entities, levering the beneficial conditions of the local employment market.
VIG Re is already 100% owner of Wiener Re a.d.o., a local Serbian reinsurer. In order to focus on his new assignments, BOGDANOVIC left his former position as member of the Board of Directors. With effect of 1 April 2018, the Board of Directors consist of Johannes Martin HARTMANN (Chairman), Ivana JURCIKOVA and Tomasz ROWICKI.
Also beginning with 1 April, Patrick CHEVREL, Head of the Western Europe, took over market responsibility for Italy, in addition to his responsibilities for France, Belgium and Luxemburg. Olaf DIETRICH, Head of Non-Life Underwriting assumed responsibility for the Accident & Health line of business in addition to the Property & Casualty business assumed by the Company.
VIG RE is the first reinsurer to obtain a licence in the Czech Republic. The company started its business on 8 August 2008 and received an "A+" rating with a stable outlook from Standard & Poor's in the same year. This rating has been maintained and was again confirmed on 18 August 2017. VIG Re pursues a conservative investment strategy and reserving policy. The successful execution of its strategy is reflected in the steadily rising number of cedents, which exceeds 300 companies by the end of 2017.