VIG Re establishes German subsidiary; names head

VIG Re, the Czech Republic-based reinsurer, is opening a branch office in Frankfurt, Germany, to expand its European presence.

The new operation will start September 29 to assume non-life treaty reinsurance business.

The company has named Fabian Christoph to lead the branch office. Together with his team he will be in charge for clients in Germany, Austria and Switzerland.

Christoph will report to Olaf Dietrich, VIG Re’s head of non-life underwriting.

Johannes Martin Hartmann, VIG Re’s chairman of the board of directors, said: "The opening of the subsidiary will enable VIG Re to reinforce the company’s presence in Germany, Austria and Switzerland and expand its regional portfolio particularly with regard to its mutual and public law insurance clients, who demand a local offering with regional market expertise."

Karl Fink, chairman of the supervisory board of VIG Re, added: "The new branch in Frankfurt reflects our long term commitment to our clients as well as our strategic investment within the Continental Europe reinsurance market."

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