VIG Re Strengthens Leadership in Western Europe with Key Appointment
VIG Re, the reinsurance division of Vienna Insurance Group based in Prague, has officially appointed Viktor Faucret as the Managing Director (MD) of VIG Re France and Head of Treaty Non-Life, tasked with spearheading the firm’s Western European business unit.
In his role as Head of the Western European Division, Faucret will focus on enhancing operations and partnerships across France, BeNeLux, Iberia, and the Maghreb region. His mission is to deepen the firm’s collaborations and contribute to the expansion of its clients’ operations within these key markets.
Faucret is a seasoned professional in the reinsurance sector, specializing in treaty non-life underwriting, with a strong background in property facultative. He joined VIG Re in October 2017 as a Treaty Underwriter and has since advanced through positions such as Senior Underwriter and Underwriting Manager for France and BeNeLux.
He played a crucial role in establishing the Paris office and has been instrumental in developing the treaty non-life portfolio by leading the underwriting team for France & BeNeLux. Before joining VIG Re, Viktor worked with Gen Re as a facultative underwriter.
Stephan Wirz, Chief Business Officer and Member of the Board of Management, stated, “Viktor is a proven leader with in-depth knowledge of the Western European markets. He understands our clients’ requirements and has built trusted relationships based on mutual respect and understanding. This appointment will help us maintain the highest level of service and support for our customers.”
Faucret expressed, “I am honored to fully embrace this role and to further enhance the VIG Re brand in the region. We take great pride in the solid foundation we’ve established and recognize the potential to offer deeper support to our clients by remaining true to our original mission: to be a reliable partner with a long-term, comprehensive vision.
On a personal note, I have grown significantly within this company, and I am grateful for the opportunity VIG Re has given me to lead such a talented team. The Board of Management is counting on Western Europe to make a substantial contribution to the company’s growth, and we plan to meet this goal with an even more client-centric approach.”
VIG Re’s parent company, Vienna Insurance Group (VIG), recently announced preliminary gross written premiums (GWP) growth of 10%, reaching €15.2 billion for 2024, spurred by growth across all business segments and lines.
