Interview: Johannes Martin Hartmann, VIG Re


Continued growth in Prague


 the board of directors, Johannes Martin Hartmann, explains how the company 


How is being based in Prague  At the time it may have appeared unusual to base the company in Prague, however, it was key that we were recognised as a reinsurer        group has a very strong primary insurance arm in the Czech Republic, which enables us to  meantime the reinsurance market is growing         outlets here which has brought analytics to the region, creating even more opportunities for 


What has the company achieved over the last 12 months? If you look at our business performance, we       past 12 months, were able to grow our group             


How does VIG Re differentiate itself from others in the industry? Our idea is not to copy the large global reinsurers, but to come up with our own  


market-leading position of VIG insurance in          to the market, and means understanding market development and reacting swiftly to       leadership as we manage our internal cost ratio   the larger players we can handle business at smaller volumes and still offer attractive terms  The third pillar is our corporate strategy,


which builds on long-term relationships and  the strong franchise of the VIG group in the        


“We believe that decisions should stay as much as is reasonable with the local managements.”


21.10.13 MONDAY


Johannes Martin Hartmann


         The backbone of our business is, and will


remain, managing the outgoing reinsurance         much more sophisticated in recent years, and we are continuously optimising the programmes while meeting the needs of the individual  centralisation of reinsurance buying—which we   We believe that decisions should stay as much as  also means that in respect of group programmes 


Does VIG Re have plans to diversify into any new lines or geographical regions? One of our basics is that we have to understand the local business thoroughly before entering        


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and Eastern Europe (CEE) and consequently  We also write business in Germany, Italy,      States and Turkey, as the group has primary  are sizeable reinsurance markets but we will upscale our operations in these markets only to the degree we feel comfortable with the        On the facultative side, we will be upscaling


our operations, offering casualty in addition        


 impact on your business? If we talk about ILS or ILWs, we don’t see it                 also see more capital available in traditional reinsurance vehicles, sometimes funded by   


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