The focus is firmly on the future at Baloise. We aim to make tomorrow more straightforward, safer and more carefree for our customers, and we are taking responsibility for this today. Baloise is more than just a traditional insurance company. Through our smart finance and insurance solutions, complemented by a whole host of innovative offerings for the home and personal transport, we offer a complete service package. Dependable support, reliable cooperation and trust-based relationships are key aspects of our stakeholder interaction. We take care of financial matters so that our customers can concentrate on the important things in their lives and can find inspiration in the everyday. Baloise, a European company founded in 1863, currently employs over 8,650 people at its headquarters in Basel (Switzerland) and across its subsidiaries in Belgium, Germany and Luxembourg. Our services generated a business volume of around CHF 8,761 million in 2022 and a profit of CHF 548.0 million. Baloise Holding Ltd shares (BALN) are listed on the SIX Swiss Exchange.
Baloise is the largest business unit in the Baloise Group. As an insurer and focused financial services provider it specialises in delivering comprehensive insurance and pension solutions. Its customers are individuals, small and medium-sized firms and selected industrial enterprises. Its insurance sales force is at the heart of its marketing strategy. This is supplemented by a network of distribution partners for certain product-related and customer segments and by brokers and online at baloise.ch. The bank unit strengthens the range of pension solutions available by offering bank products that are offered through the customer advisors of the insurance company and the bank. It has positioned itself as a universal bank in northwestern Switzerland.
| 2020 | 2021 | 2022 | |
| Employees | 3,850 | 3,981 | 4,050 |
| Business volume (CHF million) | 4,130.8 | 4,239.9 | 4,068.5 |
| Net combined ratio (per cent) | 88.5 | 89.2 | 92.0 |
The portfolio of Baloise in Germany comprises insurance and pension solutions in the areas of indemnity, accident and life insurance for individuals, small and medium-sized firms and selected industrial companies. Baloise's marketing activities are focused on its insurance sales force, on brokers and on its distribution partners maklermanagement.ag, OVB and ZEUS.
| 2020 | 2021 | 2022 | |
| Employees | 1,570 | 1,577 | 1,558 |
| Business volume (CHF million) | 1,339.1 | 1,406.4 | 1,356.7 |
| Net combined ratio (per cent) | 94.9 | 96.8 | 93.5 |
FRIDAY is the German branch of the FRIDAY Insurance S.A. and is based in Berlin Mitte. Founded in 2017, FRIDAY provides all its car insurance services fully digitally integrated and mobile. This modern direct insurer is aimed at private customers of motor vehicles and operates entirely paperless on pay-by-month basis.
In the Belgian market the Baloise Group has been operating since 2013. Baloise is one of the leading insurers in Belgium and sees itself as a partner to professional brokers. It offers a full range of property and personal insurance for individuals and for small and medium-sized firms. It is also the leading provider of marine insurance in the Belgian market.
| 2020 | 2021 | 2022 | |
| Employees | 1,715 | 1,737 | 1,730 |
| Business volume (CHF million) | 2,188.7 | 2,302.4 | 2,112.6 |
| Net combined ratio (per cent) | 90.9 | 93.0 | 92.1 |
Baloise provides a wide range of insurance, pension and wealth-building products to private and business customers in the Grand Duchy. Baloise in Luxembourg also works closely with highly successful banking partners and selected distribution partners outside its domestic market to sell wealthbuilding and pension solutions in a number of European Union countries. The Baloise Life unit in Liechtenstein has been managed by Baloise in Luxembourg since 2013.
| 2020 | 2021 | 2022 | |
| Employees | 558 | 649 | 687 |
| Business volume (CHF million) | 1,236.1 | 1,855.2 | 1,167.0 |
| Net combined ratio (per cent) | 89.3 | 93.9 | 88.3 |
Since the founding of the corporate division Asset Management in 2001, Baloise Asset Management AG and Baloise Asset Management International AG have been providing investment advisory and asset management services.
The Asset Management of Baloise accommodates the growing demand of the Group and of third-party customers for high-quality financial products and qualified portfolio management, while strengthening the positioning of Baloise as a leading financial services provider in Switzerland.
- Professional portfolio management for the Group's own assets as well as for third-party customers
- Investment advisory services for capital investments
- Development of strategic and tactical asset allocations
- Performance measurements
- Risk analyses and reporting
Baloise Asset Management (BAM) offers its clients professional portfolio management with investment options in a wide variety of different markets and investment categories. Besides traditional securities investments, hedging strategies are also available to our clients corresponding to their risk propensity and exposure capacity. A large portion of the Group-wide investments are centrally managed by BAM.
In addition to asset management, BAM also performs the task of investment advising for capital investments. We aim to provide our clients first-class services with the ultimate goal of achieving long-term value enhancement for their investments. On request, we develop the optimum strategic and tactical asset allocation in qualified, experienced teams. Our portfolio managers, who have a successful track record, then take over the subsequent implementation and security selection.
Our investment policy, which is geared towards client demands and long-term value creation, is modelled on benchmarks, all of which were selected and defined according to income and risk considerations. In order to inform clients on a continuous basis about the development and constellation of their investments, we offer performance measurements, sound risk analyses and regular written reports.
| Switzerland | Germany | Belgium | Luxembourg | |
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| Selected industrial customers |
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Caption: Simplified presentation of the group structure of Baloise Holding AG.
Caption: Organisation chart of Baloise Group.
Media
Roberto Brunazzi
Head Media Relations
Phone +41 58 285 82 14
media.relations@baloise.com
Investors
Markus Holtz
Head Investor Relations
Phone +41 58 285 82 85
investor.relations@baloise.com
General contact
Baloise
Aeschengraben 21
4002 Basel
Switzerland
Phone +41 58 285 85 85
Fax +41 58 285 70 70
www.baloise.com
Baloise
Aeschengraben 21
4002 Basel
Switzerland
Phone +41 58 285 85 85
Fax +41 58 285 70 70
kundenservice@baloise.ch
www.baloise.ch
Baloise
Basler Strasse 4
Postfach 1145
61345 Bad Homburg
Germany
Phone +49 61 72 130
Fax +49 61 72 13 200
info@basler.de
www.basler.de
FRI:DAY - Deutsche Niederlassung der FRIDAY Insurance S.A.
Klosterstrasse 62
10179 Berlin
Germany
Phone +49 30 9599832 0
info@friday.de
https://www.friday.de
Baloise
Posthofbrug 16
2600 Antwerpen
Belgium
Phone +32 3 247 21 11
Fax +32 3 247 27 77
info@baloise.be
www.baloise.be
Luxembourg
Baloise
23, rue du Puits Romain
Bourmicht
L-8070 Bertrange
Boite Postale 28
L-2010 Luxembourg
Phone +352 290 190 1
Fax +352 290 592
info@baloise.lu
www.baloise.lu
Liechtenstein
Baloise
Alte Landstrasse 6
94 96 Balzers
Fürstentum Liechtenstein
Phone +423 388 90 00
Fax +423 388 90 21
information@baloise-life.com
www.baloise-life.com
Asset Management of Baloise
Aeschengraben 21
Postfach
4002 Basel
Switzerland
Phone +41 58 285 85 85
President of the Corporate Executive Committee of the Baloise Group (Group CEO)
Gert De Winter (1966, Belgium, MSc) studied applied economics at the University of Antwerp. From 1988 to 2004, he performed various roles at Accenture in Brussels for issues relating to IT and business transformation management in the financial sector. He was made a partner at the firm in the year 2000. In 2005, he joined the Baloise Group as Chief Information Officer and Head of HR of the Mercator insurance company in Belgium. From 2009 to 2015, Gert De Winter was Chief Executive Officer of Baloise Insurance, which was formed in 2011 from the merger of the three insurance companies Mercator, Nateus and Avéro. Gert De Winter has been Group CEO since January 2016. He is a member of the Management Board of the Basel Chamber of Commerce and the Swiss-American Chamber of Commerce.
Chief IT Officer (CTO)
Alexander Bockelmann (1974, Germany, Dr rer. nat.) studied geoecology and environmental sciences at the universities of Bayreuth and East Anglia before completing his doctorate at the University of Tübingen’s faculty of geosciences. Dr Alexander Bockelmann is a proven expert in digitalisation and transformation, and has many years of experience in the industry. He previously worked as an IT strategy and transformation consultant at Boston Consulting Group and in various senior roles at Allianz SE in Germany and the USA. At the end of 2013, he moved to UNIQA Insurance Group AG in Austria in the role of Group CIO and ultimately became Chief Digital Officer and Group Chief Information Officer on the Management Board. In February 2019, Dr Alexander Bockelmann joined the Baloise Group to lead the newly created Corporate Division IT.
Head of Corporate Division Asset Management
Matthias Henny (1971, Switzerland, Dr phil.) completed his undergraduate and postgraduate studies in physics at the University of Basel. From 1998 to 2003, he was employed at McKinsey&Co., before switching to what was then the Winterthur Group, where he was Head of Financial Engineering in Asset Management until 2007. Subsequently, he was a member of the management team at AXA Winterthur, as Head of Asset Management (until 2010) and as CFO. In 2012, Dr Matthias Henny joined the Baloise Group. As CEO of Baloise Asset Management AG, he was responsible for the administration of approximately CHF 50 billion in assets. Dr Matthias Henny became a member of the Corporate Executive Committee in May 2017. He manages the Corporate Division Asset Management incorporating the Investment Strategy and Investment Controlling, Business Development, Portfolio Management, Finance, Real Estate and Corporate Services units.
CEO Baloise in Switzerland
Michael Müller (1971, Switzerland, lic. oec. publ.) graduated in economics from the University of Zurich, specialising in insurance and accounting/finance. He began his career with Baloise in 1997, starting as a management trainee, then working in Group Finance and eventually becoming Deputy Head and, in 2004, Head of Financial Accounting for the Baloise Group. In 2009, as Head of Finance and Risk, he became a member of the senior management team in Corporate Division Switzerland. He has been a member of the Corporate Executive Committee and CEO of Corporate Division Switzerland since March 2011, and as such has been in charge of business in Switzerland. Michael Müller is Vice-President of the Swiss Insurance Association (SIA), on the Board and as Quaestor a member of the Board Committee of the Swiss Employers' Association, a member of the Board of Trustees of the Basel Financial Centre Foundation and a member of the Board of Foundation of Stiftung Finanzplatz Basel and the Executive Board of the Association of Basel Insurance Companies. He also sits on the board of the Promotion Society of the Institute of Insurance Economics at the University of St. Gallen.
Head of Finance (CFO)
Carsten Stolz (1968, Germany /Switzerland, Dr rer. pol.) studied business economics at Fribourg University and gained a doctorate specialising in financial management. He holds an Executive Master in Change from INSEAD. He joined the Baloise Group in 2002 as Head of Financial Relations. From 2009 to 2011, he was the Baloise Group’s Head of Financial Accounting&Corporate Finance. Between 2011 and 2017, he was Head of Finance and Risk, and thus a member of the Executive Committee, at Baloise in Switzerland. Since May 2017, Dr Carsten Stolz manages the Corporate Division Finance and is a member of the Corporate Executive Committee. He is managing director of creace GmbH and a member of the Finance and Regulation Committee of the Swiss Insurance Association (SVV).
Thomas von Planta (1961, Switzerland, Dr iur., lawyer) has been a member of the Board of Directors since 2017 and its Chairman since April 2021. Until 2019, he was Chairman of the Boards of Directors of Bellevue Group AG, Bank am Bellevue AG and Bellevue Asset Management AG. Before that, he had worked for Goldman Sachs in Zurich, Frankfurt and London for around ten years and had been the interim Head of Investment Banking and Head of Corporate Finance for the Vontobel Group in Zurich between 2002 and 2006. Until 2021, he was managing director of CorFinAd AG, a company he founded that specialises in consultancy for M&A transactions and capital market finance. Dr Thomas von Planta sits on the Board of Directors of BB Biotech AG. He is an independent nonexecutive director.
Christoph Mäder (1959, Switzerland, lawyer) has sat on the Board of Directors since 2019 and has been Vice-Chairman since May 2022. From 2000 to 2018, he was a member of the Syngenta International AG executive team with responsibility for legal and tax. He was also a member of the Management Board of the Basel Chamber of Commerce and of scienceindustries until 2018, serving as the latter’s president between 2008 and 2014. He has been president of economiesuisse, the umbrella organisation representing Swiss business, since 2020. Christoph Mäder is Vice-Chairman of the Board of Directors of Lonza Group AG, a member of the Boards of Directors of EMS Chemie Holding AG and Assivalor AG and, since 2021, a member of the Bank Council of the Swiss National Bank. He is an independent non-executive director.
Maya Bundt (1971, German/Switzerland, Dr. sc. nat., geo-ecologist) has been a member of the Board of Directors since April 2022. She has worked for the reinsurance company Swiss Re in a variety of roles, including heading the Cyber & Digital Solutions department and holding the functions as Cyber Practice Leader and chair of the Swiss Re Cyber Council. Before joining Swiss Re, Maya Bundt spent three years working for the Boston Consulting Group as a strategy consultant in a variety of sectors. She sits on the Boards of Directors of Valiant Bank AG and APG SGA AG as an independent member. She is an independent non-executive director.
Claudia Dill (1966, Switzerland, economist) has sat on the Board of Directors since April 2022. From 1999 to 2020, she worked for the Zurich Insurance Group in a range of managerial positions in Zurich, New York and São Paulo, including as CFO for internal reinsurance and the reinsurance run-off unit, CFO for European business and COO for the property insurance business. In her most recent role as a member of the Corporate Executive Committee, she was responsible for the Latin American market. Before working for Zurich, Claudia Dill worked for Credit Suisse, Deutsche Bank, Commerzbank, and Coopers and Lybrand. Until March 2022, she was an independent member of the Board of Directors of Nordea Bank Abp. Claudia Dill is a member of the Boards of Directors of Credit Suisse (Switzerland) AG and Juno BidCo NV, trading as Intix. She is an independent non-executive director.
Christoph B. Gloor (1966, Switzerland, degree in business economics HWV) has been a member of the Board of Directors since 2014. Since 2019, he has been a director and limited partner in Basel-based private bank E. Gutzwiller & Cie, Banquiers. He had previously been partner and Chief Executive Officer of private bank La Roche & Co AG before going on to become a member of the Executive Committee and Deputy CEO of Notenstein La Roche Privatbank AG and Deputy Head of Wealth Management at Bank Vontobel AG. Prior to joining La Roche & Co AG in 1998, he worked for Swiss Bank Corporation (SBC) before moving to Vitra (International). Christoph B. Gloor served as president of the Association of Swiss Private Banks from 2013 to 2015 and was a member of the Board of Directors of the Swiss Bankers Association from 2013 to 2015. He was a member of the Board of Managing Directors of the Basel Banking Association until 2019. He holds an Executive Master in Change from INSEAD, where he also completed the International Directors Program in 2018. He is an independent non-executive director.
Hugo Lasat (1964, Belgium, Master in Economic Sciences, Master in Finance) has sat on the Board of Directors since 2016. He has been Group CEO of Brussels-based Degroof Petercam since 2021. In this role, he also chairs the Board of Directors of Degroof Petercam Asset Management (DPAM), a company he previously ran as CEO. Hugo Lasat is a member of the Boards of Directors of Banque Degroof Petercam in Luxembourg and Febelfin vzw/asbl, Brussels, and his previous managerial roles include CEO of Amonis Pension Fund and of the Candriam Investors Group. He is a guest professor at KU Leuven (Brussels Campus). He is an independent non-executive director.
Karin Lenzlinger Diedenhofen (1959, Switzerland, Dr oec. HSG) has been a member of the Board of Directors since 2021. She has been Vice-President of SV Group AG since 2017 and Chair of the Board of Directors and of the staff pension fund of Zürcher Oberland Medien AG since 2015. She is a member of the Boards of Directors of Bank Linth LLB AG and Übermorgen Ventures Investment AG and sits on various boards of foundations and organisations with portfolios including corporate responsibility and sustainability. Dr Karin Lenzlinger Diedenhofen has been President of the Zurich Chamber of Commerce and a member of the Board of Directors of economiesuisse since 2013. Between 1991 and 2019, she held various positions, most recently as CEO and delegate of the Board of Directors of Lenzlinger Söhne AG, Nänikon / Uster. She is an independent non-executive director.
Markus R. Neuhaus (1958, Switzerland, Dr iur., qualified tax expert) has been a member of the Board of Directors since 2019. He was the Chairman of the Board of Directors of PricewaterhouseCoopers AG (PwC) from 2012 to 2019 and served as its CEO for a period of nine years prior to that. He did not hold any operational role at PwC from July 2012 and was not personally involved in the Company’s audit engagement for Baloise (until 2015). Dr Markus R. Neuhaus is Vice-Chairman of the Boards of Directors of Barry Callebaut AG and Orior AG. He is a member of the Boards of Directors of Galenica AG and Jacobs Holding AG. Dr Markus R. Neuhaus is also Vice-President of Avenir Suisse and of the Zurich Chamber of Commerce, and a member of the Board of Foundation of the ETH Foundation. He is an independent non-executive director.
Hans-Jörg Schmidt-Trenz (1959, Germany, Prof. Dr rer. pol.) has sat on the Board of Directors since 2018. He is a Professor of Economics at Saarland University and the University of Hamburg (specialising in institutional economics and governance) and Founding President of the HSBA Hamburg School of Business Administration, where he has been an honorary senator since 2019. From 1996 to 2017, he was Chief Executive Officer of the Hamburg Chamber of Commerce, and from 2010 to 2018, President of the Working Committee of European Chamber Chief Executives. Since 2022 he has been Vice-Chair of the World Chamber Federation of the International Chamber of Commerce (ICC). He was a long-serving member of the Supervisory Board of Hamburg Airport, Hamburg Exhibition Centre and the NDR Broadcasting Council, as well as a member of the Board of Trustees of Hamburger Sparkasse. He is a member of the Board of Trustees of the Hamburg Academic Foundation, Chairman of the Board of Trustees of the Tafel foundation of Hamburg-Schleswig-Holstein and managing director of STconnect GmbH. He is an independent non-executive director.
Marie-Noëlle Venturi-Zen-Ruffinen (1975, Switzerland, Prof. Dr iur., lawyer) has been a member of the Board of Directors since 2016. She holds a PhD and master’s degree in law and a master’s degree in philosophy from the University of Fribourg. She is a lawyer and honorary professor at the School of Economics and Management at the University of Geneva, where she mainly lectures on corporate law. Professor Marie-Noëlle Venturi - Zen-Ruffinen was a partner in the Geneva law firm Tavernier Tschanz (Niederer Kraft Frey since 1 January 2023) until 2012, and since that time has been of counsel for the firm. She is Vice-Chair of the Board of Foundation of the Swiss Board Institute, Vice-Chair of the Board of Directors of Banco Santander International SA, a member of the Boards of Directors of Ina Invest Holding AG and Ina Invest AG and a member of the Board of Management of the Swiss Institute of Directors. She is an independent non-executive director.
The Board of Directors has four committees, which support it in its activities. These committees report to the Board of Directors and submit proposals and motions. The Investment and Risk Committee and the Remuneration Committee have their own decision-making powers. The committees appointed by the Board of Directors generally consist of four members, who are newly elected every year by the Board of Directors. Article 733 of the Swiss Code of Obligations requires the members of the Remuneration Committee to be elected individually by the Annual General Meeting. The Chairman and Vice-Chairman of the Board of Directors are ex officio members of the Strategy and Governance Committee. The Chairman of the Board of Directors is not allowed to sit on the Audit Committee. The committees’ basic functions and responsibilities are specified in the Organisational Regulations. Additional specific regulations applicable to individual committees govern administrative and other aspects.
Tasks
The Strategy and Governance Committee (SGC) monitors the progress of strategy and sustainability matters on behalf of the Board of Directors. The Board of Directors is responsible for both areas (in the case of strategy, this is mandated by section 716a of the Swiss Code of Obligations) and, where required, adopts the relevant resolutions. The SGC prepares nominations within the parameters of the Board of Directors’ responsibility for nominations and elections.
Structure of the committee
Dr Thomas von Planta, Chairman
Christoph Mäder, Vice-Chairman
Dr Markus R. Neuhaus, Member
Professor Marie-Noëlle Venturi - Zen-Ruffinen, Member
Tasks
The Investment and Risk Committee (IRC) supports the Board of Directors in the areas of investment management, capital management and risk management. It oversees investment activities and assesses capital adequacy and asset and liability management as part of its overall review of the financial risks. Asset management is also considered in the Committee in the light of the key influencing factors (such as solvency, tied assets and reserves).The IRC reviews the risk strategy and risk appetite of the Group for the attention of the Board of Directors and takes note of risk reports.
Structure of the committee
Christoph B. Gloor, Chairman
Hugo Lasat, Vice-Chairman
Dr Thomas von Planta, Member
Claudia Dill, Member
Tasks
The Audit Committee (AC) supports the Board of Directors in its supervision of accounting, financial and regulatory reporting, and compliance with statutory provisions. Only independent members of the Board of Directors sit on the Audit Committee, which receives the reports from the various control functions (such as external auditors, Internal Audit, Compliance and Risk Management).
Structure of the committee
Dr Markus R. Neuhaus, Chairman
Professor Marie-Noëlle Venturi - Zen-Ruffinen, Vice-Chairwoman
Dr Maya Bundt, Member
Professor Hans-Jörg Schmidt-Trenz, Member
Tasks
The Remuneration Committee proposes to the Board of Directors – for subsequent approval by the Annual General Meeting – the structure and amount of remuneration paid to the members of the Board of Directors and of the salaries paid to the members of the Corporate Executive Committee. Under Article 735 of the Swiss Code of Obligations, the remuneration paid to the Board of Directors and the Corporate Executive Committee has to be approved by the Annual General Meeting. The Remuneration Committee approves the target agreements and performance assessments that are applied to the Corporate Executive Committee members in order to determine their variable remuneration. It also sanctions the remuneration policies applicable to the Corporate Executive Committee members and ensures that they are being correctly implemented. It approves the variable remuneration granted to individual members of the Corporate Executive Committee; this remuneration has to be within the maximum amount approved by the Annual General Meeting. Furthermore, it specifies the total amount available in the performance pool.
Structure of the committee
Christoph Mäder, Chairman
Professor Hans-Jörg Schmidt-Trenz, Vice-Chairman
Christoph B. Gloor, Member
Dr Karin Lenzlinger Diedenhofen, Member