VIG Re, the reinsurance arm of Vienna Insurance Group, has obtained the required regulatory approvals from the Monetary Authority of Singapore (MAS) and met applicable requirements for establishing a representative office in Singapore.
As previously reported, the office will be led by Wilfrid Goh, who has been appointed Chief Representative for Asia Pacific (APAC).
The Singapore office will serve as a liaison and coordination point between VIG Re’s headquarters and its regional stakeholders.
Goh has more than two decades of reinsurance experience in Asia, with deep expertise in treaty underwriting, account management and public sector solutions.
He will report to Managing Director Marc Haushofer, who is responsible for VIG Re’s Asia Pacific portfolio and leads the company’s pan-Asia expansion.
The newly opened office marks an important milestone in the reinsurer’s strategic expansion into Asia under its VIGRe28 strategy.
Tobias Sonndorfer, Chairman and CEO of VIG Re, commented: “This move reflects our strategic ambition to establish our footprint in the Asia-Pacific region under VIGRe28.
“Establishing a representative presence in Singapore allows us to strengthen our engagement with the region.”
