VIG Re, the reinsurance arm of Prague-domiciled Vienna Insurance Group, has confirmed Viktor Faucret as Managing Director (MD) of VIG Re France and Head of the Treaty Non-Life to lead the Western European business unit.
As Head of the Western European division, Faucret will drive further developments in France, BeNeLux, Iberia, and the Maghreb region. He will be tasked with deepening the firm’s partnerships and contribute to the growth of its clients’ businesses in the Western European markets.
Faucret is a senior reinsurance professional with a specialised focus in treaty non-Life underwriting, with a background in property facultative. He joined VIG Re in October 2017 as a Treaty Underwriter and has progressed through roles of Senior Underwriter and Underwriting Manager for France and BeNeLux.
He played a pivotal role in launching the Paris operations, and has actively contributed in developing the treaty non-life portfolio, by leading the underwriting team for France & BeNeLux. Prior to VIG Re, Viktor served at Gen Re as a facultative underwriter.
Stephan Wirz, Chief Business Officer, and Member of the Board of Management, commented, “Viktor is a proven leader with a deep understanding of the Western European markets. He comprehends our clients’ needs and has built trusted relationships based on mutual respect and understanding. This appointment will ensure that we continue to provide our customers with the highest level of service and support.”
Faucret added, “I feel honoured to step in this role fully and to continue building the VIG Re brand further in the region. We are extremely proud of the foundation laid since we have established our activity, and we see a clear potential to provide deeper support to our clients by staying consistent to our original offer: a trusted partner with long-term and across the board vision.
“On the personal side, I have grown a lot with this company, and I feel extremely grateful that VIG Re provided me with the opportunity to lead such a talented team of people. The Board of Management is counting on Western Europe to contribute significantly to the growth of the company, and we plan on delivering this ambition with an even more client-centric organization.”
VIG Re’s parent company, VIG recently reported preliminary gross written premiums growth (GWP) of 10% to €15.2 billion for 2024, driven by growth in all reporting segments and lines of business.
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