Czech Republic-based reinsurer VIG Re has opened a new branch office in Paris to further bolster its presence in Continental Europe.

The new office will be led by Patrick Chevrel and will serve VIG Re’s clients in France, Benelux and Iberia and offer reinsurance solutions for property and casualty business lines.

Johannes Martin Hartmann, VIG Re’s chairman of the board of directors commented: “The opening of the Branch represents another important step in the execution of VIG Re’s strategy which is based on the fundamentals of a consistent underwriting policy, superior financial strength and mutual partnership,”

Adding: “The local presence will further enhance the value proposition to our clients,”

Peter Thirring, chairman of the supervisory board of VIG Re added: “Strengthening the third-party business in Western European markets, is part of the strategy of VIG Re. After the successful opening of the branch in Germany one year ago, the branch in Paris was the next planned step, which is now fulfilled.”