The newly created "Central Functions" segment includes the following companies: BIAC, Central Point, ELVP, LVP, Neue Heimat Holding, Progress, TBIH, VIG Fund, VIG Holding, VIG RE and the non-profit housing societies
VIG Holding primarily focuses on the managerial tasks for the Group. It is also active as an international reinsurer and in the international corporate business.
The Group's own reinsurance company, VIG RE, which was founded in 2008, has already completed its fourth successful year providing insurance for both Group companies and external partners. In this short period of time, it has established itself as a recognised and important company in the CEE region, and currently has more than 180 customers. A conservative underwriting and investment strategy contributed to the stable performance of the company in 2012. Standard & Poor’s confirmed VIG RE's A+ rating with a stable outlook in October 2012.
