VIG Re has appointed Michael Klikovits as treasurer and member of the senior leadership team, where he will help guide the company’s finances through the current three-year strategic cycle, ‘VIGRe28 – Step Up’. expansion. accelerate.
Klikovits has extensive expertise in group reporting, regulatory compliance and insurance industry financial management. He gained this experience working for the Vienna Insurance Group for more than ten years, most recently as Deputy Head of Group Finance and Supervision.
In this role, Klikovits is responsible for key financial functions group-wide, including IFRS consolidation and reporting, insurance company valuations and is closely involved in financial guidance and regulatory matters at group level.
His professional background includes preparing consolidated IFRS financial statements, providing support to international subsidiaries, performing valuations in the context of acquisitions, performing impairment analyses, and contributing to the implementation of IFRS 9 and IFRS 17.
VIG Re said that as treasurer, Klikovits will oversee financial management, accounting and tax reporting while contributing to planning, guidance and capital processes to support governance and the company’s continued expansion in Europe and Asia. He will also play a central role in group-wide finance collaboration and finance-related IT projects.
Wolfgang Hajek, Chief Financial Officer and Member of the Management Board of VIG Re, commented: “Michael’s expertise and experience will play an important role in supporting VIG Re’s future growth.
“His financial leadership strengthens our organization at a critical time and ensures we are well-positioned to deliver sustainable growth and long-term value under VIGRe28.”
Klikovits said: “I am delighted to join VIG Re at a time of strong strategic momentum. VIGRe28 provides its stakeholders and customers with a clear framework for sustainable growth and value creation, and I look forward to contributing to the company’s further development through enhanced financial guidance, governance and performance management.”