The general assembly of the federation has unanimously voted to extend the mandate of Sergio Balbinot as president of Insurance Europe for a further three years.

The mandate of Balbinot, who is a member of the management board of Allianz SE, and who is responsible for southern and western Europe and Africa, had been due to expire in 2015.

Commenting on his reinstatement, Balbinot said: “I am honoured to have been asked to continue in my role as president of Insurance Europe. I look forward to working with my colleagues in representing Europe’s insurers during what will be a challenging time for our industry.”