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Industry veteran Sylvie Hirn to head Ageas Re’s Credit & Bond business

Ageas Re, the reinsurance brand of international insurance firm Ageas, has appointed Sylvie Hirn to head its Credit & Bond business.

In a statement, Joachim Racz, CEO Ageas Re, said: “Sylvie brings a wealth of experience both on the direct credit insurance and on the reinsurance side to Ageas Re. She will develop our client offering and build team and platform for this new Line of Business for Ageas Re.”

Hirn joins Ageas Re from Coface Re SA, where she most recently served as a Senior Reinsurance Underwriter, based in Lausanne, Vaud, Suisse.

Prior to joining Coface Re, she spent over five years at Axis Re Europe, where she held the role of Vice President, Senior Underwriter Credit & Bond, based in Zürich Area, Switzerland.

In related news, Ageas Re generated a total net operating result of €67 million in the first six months of 2024, up from the €66 million figure that was posted in the prior year period.

As well as this, Ageas Re’s combined ratio for the period was up compared to last year, standing at 93.1%, which the firm noted was due to higher claims during H1’24.

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