Insurance EuropeInsurance Europe
Team
President
Sergio Balbinot
Sergio Balbinot
President
Sergio Balbinot was elected president of Insurance Europe in 2011. The Allianz SE Supervisory Board appointed Sergio Balbinot as a member of its Board of Management for four years from 1 January 2015 and he is responsible for Allianz’s insurance business in western and southern Europe (France, Benelux, Italy, Greece and Turkey). Sergio has also taken responsibility for the three additional jurisdictions, the Middle East, Africa and India. After graduating in economics and completing a scholarship at the European Community, Balbinot joined Generali's Munich office in 1983. In 1986 he moved to Generali's headquarters in Trieste, where he joined the insurance operations department. In 1989 Balbinot relocated to Zurich to take responsibility for Generali's Swiss branch. He moved to Paris in 1992 to manage the international activities of Europ Assistance. He returned to Trieste in 1995, becoming the area manager for German-speaking countries and France. He was appointed general manager in 2000, managing director in 2002 and group chief insurance officer in 2012. In 2013, he was also nominated chairman of Generali Italia, the company resulting from the reorganisation of the Generali Group in Italy. Balbinot is a member of several international organisations. He is also president of Bambini del Danubio, a non-profit association to aid children, which he founded in 2004.
Vice-president
Torbjörn Magnusson
Torbjörn Magnusson
Vice-president
Torbjörn Magnusson, president and CEO of If P&C Insurance, Sweden, was elected vice-president of Insurance Europe in 2013, with a three-year mandate. Magnusson, a Swedish national, started his career in the insurance industry as an actuary with Skandia International. In his 23 years in the industry he also worked for Mercantile & General Re in London as actuary and chief actuary. He joined If P&C Insurance in 1999 as head of commercial products, before becoming head of the company's commercial division. He has been If's president and CEO since 2002. He has been a member of Insurance Europe's strategic board since June 2010. He sits on the board of Insurance Sweden, the Swedish insurance federation, and of the Swedish Insurance Employers' Association, both of which he chaired from 2006 to 2009. If is the leading property and casualty insurance company in the Nordic region, as well as to Nordic customers with international operations, with approximately 3.6 million customers in the Nordic and Baltic countries. If is a fully-owned subsidiary of Sampo plc.
Director general
Michaela Koller
Michaela Koller is director general of Insurance Europe. She is currently also secretary of the Global Federation of Insurance Associations (GFIA). Michaela has worked in Brussels since 1992. Prior to joining Insurance Europe in February 2007, she was a member of the management committee of the European Savings Banks Group and the World Savings Banks Institute. In her earlier career she was head of the European Office of German Building Societies and deputy managing director in charge of the interest representation of the European Federation of Building Societies. Michaela has served as a member of various consumer/industry groups and advisory groups established by the European Commission. She chaired the insurance and reinsurance stakeholder group of the European Insurance and Occupational Pensions Authority (EIOPA) during its first two-and-a-half-year mandate. She is currently a member of EIOPA’s occupational pensions stakeholder group and testifies regularly at hearings organised by EU institutions. Michaela is a German national and holds a law degree from Augsburg University.
Management team
Michaela Koller
Michaela Koller is director general of Insurance Europe. She is currently also secretary of the Global Federation of Insurance Associations (GFIA). Michaela has worked in Brussels since 1992. Prior to joining Insurance Europe in February 2007, she was a member of the management committee of the European Savings Banks Group and the World Savings Banks Institute. In her earlier career she was head of the European Office of German Building Societies and deputy managing director in charge of the interest representation of the European Federation of Building Societies. Michaela has served as a member of various consumer/industry groups and advisory groups established by the European Commission. She chaired the insurance and reinsurance stakeholder group of the European Insurance and Occupational Pensions Authority (EIOPA) during its first two-and-a-half-year mandate. She is currently a member of EIOPA’s occupational pensions stakeholder group and testifies regularly at hearings organised by EU institutions. Michaela is a German national and holds a law degree from Augsburg University.
Economics & finance
Olav Jones
Olav Jones joined Insurance Europe as deputy director general in November 2011. As head of the federation’s economics and finance department he is responsible for prudential regulatory issues, accounting and investment, as well as international affairs and reinsurance. Olav was previously head of group risk strategy at Belgian insurer Ageas, the company created following the break-up of the Fortis banking and insurance group. From 2008–09 he was chief risk officer of Fortis Insurance, having previously been head of insurance risk and strategic risk at Fortis Group since 2002. He started his career with management consultant Oliver Wyman after gaining a first class honours degree in engineering science from the University of Exeter and an MPhil degree in finance from Queens’ College, Cambridge, both in the UK. He then worked for UK insurer Prudential in a variety of roles for six years before joining Fortis. He is currently vice-chair of the insurance and reinsurance stakeholder group of the European Insurance and Occupational Pensions Authority (EIOPA).
Prudential regulation
Igotz Aubin
Igotz Aubin joined Insurance Europe as the head of prudential regulation in March 2014. Igotz and his team define and voice messages on prudential regulation activities such as Solvency II and the Financial Conglomerates Directive. Over the past year, they have responded to the wide range and vast number of public consultation papers from the European Insurance and Occupational Pensions Authority (EIOPA) on Solvency II (implementing technical standards and guidelines), providing technical expertise to support the lobbying efforts of the federation. With over 15 years’ experience in the property and casualty (re)insurance industry, Igotz brings a wealth of actuarial, underwriting and risk management expertise to the federation. Prior to his current role, he was senior capital manager at the UK bank-insurer Lloyds Banking Group, where he was responsible for their general insurance capital internal model. He also worked for eight years in the reinsurance sector as an actuary and a treaty underwriter. Igotz is a member of the actuarial institutes of the UK, France and Belgium as well as of the International Actuarial Association (IAA). He holds an MBA from the Henley Business School in the UK.
International affairs & reinsurance
Cristina Mihai
Cristina is the head of international affairs & investments. She and her team are responsible for developing positions on a range of topics, and then representing those positions to the European institutions, as well as a wide range of international organisations and standard-setting bodies, including the IAIS, the OECD and the FSB. Cristina joined Insurance Europe in 2012 to work as policy advisor on investments and then became the head of the international affairs and reinsurance department in 2014. Earlier in her career, Cristina worked as an asset manager for the French insurer Groupama, where her team was responsible for managing a €200m asset portfolio. Before joining Groupama, Cristina worked in the derivatives division of Société Générale Corporate and Investment Banking in Paris. She holds a master’s degree in financial engineering and risk management from HEC Lausanne, Switzerland, and is a CFA© chartholder.
Financial reporting
Olav Jones
Olav Jones joined Insurance Europe as deputy director general in November 2011. As head of the federation’s economics and finance department he is responsible for prudential regulatory issues, accounting and investment, as well as international affairs and reinsurance. Olav was previously head of group risk strategy at Belgian insurer Ageas, the company created following the break-up of the Fortis banking and insurance group. From 2008–09 he was chief risk officer of Fortis Insurance, having previously been head of insurance risk and strategic risk at Fortis Group since 2002. He started his career with management consultant Oliver Wyman after gaining a first class honours degree in engineering science from the University of Exeter and an MPhil degree in finance from Queens’ College, Cambridge, both in the UK. He then worked for UK insurer Prudential in a variety of roles for six years before joining Fortis. He is currently vice-chair of the insurance and reinsurance stakeholder group of the European Insurance and Occupational Pensions Authority (EIOPA).
Personal insurance, general insurance & macroeconomics
Nicolas Jeanmart
As head of Insurance Europe’s personal insurance, general insurance and macroeconomics department, Nicolas Jeanmart contributes to the global and European debates affecting the non-life and life insurance sectors. He is also involved in the discussions on financial stability, with a particular focus on the question of systemic risk in insurance. Prior to joining Insurance Europe in November 2010, Nicolas worked for the European Savings Banks Group (ESBG), where he held various positions, culminating in four years as head of the banking supervision and economic affairs department. This position entailed notably the responsibility for representing the interests of Europe’s savings and retail banks in the discussions on global bank capital requirements frameworks (Basel II and Basel III). During his time at the ESBG, he also acted as the secretariat for various working groups and committees of the European Banking Industry Committee, the platform representing the entire European banking industry. In his earlier career he provided consultancy and training services, primarily to the financial sector, in Belgium and Luxembourg. Nicolas is a Belgian/French national. He holds a master’s degree in business engineering, as well as degrees in European integration and development and in computer sciences.
Conduct of business
William Vidonja
As head of the conduct of business department, William Vidonja contributes to the global and European debates on legal and consumer protection issues, including insurance distribution, data protection, differentiation, contract law, competition issues and financial education. William is also part of the employers’ delegation of the Insurance Sectoral Social Dialogue Committee (ISSDC), the only forum at European level in which insurance employer and employee representatives discuss topics of common interest with the support of the European Commission. He joined Insurance Europe as a trainee in 2002. After his traineeship he was hired as deputy manager of the insurance of the person department before moving to the conduct of business department. William is a French national and holds a law degree from the University of Paris XII.
Public affairs & communications
Rosa Armesto
Rosa Armesto joined Insurance Europe as head of public affairs in March 2015. Rosa has over 10 years’ experience in the financial services sector. As a recognised lobbyist in Brussels, she is responsible for coordinating and strengthening political and public support for Insurance Europe’s work on its key issues. Previously, Rosa was the head of public and regulatory affairs at the Federation of European Securities Exchanges (FESE), where she was the main coordinator of campaign for exchanges on the review of the Markets in Financial Instruments Directive (MiFID 2). Prior to joining FESE, she worked at the Statistical Office of the European Commission, Eurostat, based in Luxembourg. She started her professional career as research officer for a multinational media agency in Madrid. In 2011 Rosa was named one of the “40 Under 40 Rising Stars of Trading and Technology” by UK financial newspaper Financial News. Rosa holds a degree in statistics from the University of Zaragoza in Spain and a master’s degree in economics from the Universities of Zaragoza and Groningen, the Netherlands.
Human resources & support services
Koen Ameye
Koen Ameye is the head of support services, managing human resources, finance and IT since he joined Insurance Europe in 2007. Prior to joining Insurance Europe, Koen worked for several years as a human resources manager for a large Belgian healthcare organisation and for the human capital management team at Deloitte & Touche. Koen holds a master’s degree in industrial and organisational psychology from the University of Ghent, a postgraduate qualification in business management from the University of Brussels and a degree from the University of Brussels in social security law.
Secretariat