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An Austrian citizen, Brandstetter has headed UNIQA since 2011. He joined the composite insurer, which is active in 18 European countries, in 1997.
Commenting on his appointment, Brandstetter said: “I am truly honoured to be elected to represent the European insurance industry as its federation’s president. Our industry makes a huge contribution to society, both through the protection we offer to customers and the long-term investments we make in the economy. Society is evolving rapidly and our industry must evolve too, so this is a particularly fascinating time to be representing Europe’s insurers, both within Europe and around the world.”
Brandstetter was elected at Insurance Europe’s General Assembly meeting in Madrid.
He succeeds Sergio Balbinot, member of the management board at Allianz Group, who had served the maximum two mandates as president.