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 Baloise Vertriebsservice AG and OVB.
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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Private individuals & SMBS |
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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
Chairman of the Corporate Executive Committee of the Baloise Group (Group CEO)
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 at 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 became a member of the Corporate Executive Committee and CEO of Corporate Division Switzerland in 2011, and, as such, was in charge of business in Switzerland. Michael Müller has been Group CEO since 1 July 2023. He was a member of the Board of Directors of the Swiss Insurance Association (SIA) from 2011 to 2024.
External mandates:
- Swiss Employers Confederation (SAV), Treasurer
- Basel Chamber of Commerce, member of the Management Board
Chief IT Officer (CTO)
Alexander Bockelmann (1974, Germany, Dr rer. nat.) studied environmental sciences at the universities of Bayreuth (Germany) and East Anglia (UK) and obtained a doctorate in geosciences at the University of Tübingen (Germany). He is a proven expert in IT digitalisation and transformation and has many years of experience in the financial sector. Among his previous roles, he worked as a consultant at the Boston Consulting Group and spent around ten years in various senior roles at Allianz SE in Germany and seven years in the USA. At the end of 2013, he moved to UNIQA Insurance Group AG in Austria in the role of Group CIO and became Chief Digital Officer and Group Chief Information Officer on the Management Board, with responsibility for IT in Austria and all group-wide IT topics and services in over 16 countries. Since 2019, Dr Alexander Bockelmann has been Head of the Baloise Group’s Corporate Division IT, which is responsible for the Group-wide IT strategy, IT projects, and all IT shared services of the Group and the corporate functions.
External mandate:
- Swiss FS-CSC association, member of the Steering Board
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 & Company, 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, 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 2017. He manages the Corporate Division Asset Management, incorporating the Investment Strategy, Business Development, Portfolio Management, Finance & Operations, Real Estate and Corporate Services units.
External mandate:
- AMAS (Asset Management Association Switzerland), member of the Board of Directors
CEO Baloise in Switzerland
Clemens Markstein
(1971, Germany, Dipl.-Wi.-Ing.) studied industrial engineering at Karlsruhe University and trained in strategy, marketing and finance during a management programme at Wharton Business School and at the University of St. Gallen. He also completed an advanced management programme at the INSEAD Business School. Clemens Markstein began his professional career as a consultant at the Boston Consulting Group in Stuttgart. He then held various roles at Allianz in Germany and Switzerland, before moving to Baloise. He joined the Executive Committee of Baloise’s Corporate Division Switzerland in 2009 as Head of Product Management for Corporate Clients. He was Head of Operations & IT from 2017. Since 1 July 2023, Clemens Markstein has been a member of the Corporate Executive Committee and CEO of Corporate Division Switzerland, and, as such, has been in charge of business in Switzerland.
External mandates:
- Stiftung Finanzplatz Basel, member of the Board of Foundation
- Association of Basel Insurance Companies, member of the Executive Board
- Promotion Society of the Institute of Insurance Economics at the University of St. Gallen, member of the Board of Directors
- Swiss Insurance Association (SIA), member of the Board of Directors
- SVV Solution AG, member of the Board of Director
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. Dr Carsten Stolz has been Head of Corporate Division Finance since May 2017 and is a member of the Corporate Executive Committee.
External mandates:
- creace GmbH, Executive Director
- Swiss Insurance Association (SIA), member of the Finance and Regulation Committee
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 Board of Directors of Bellevue Group AG, Bank am Bellevue AG and Bellevue Asset Management AG. Before that, he worked for Goldman Sachs in Zurich, Frankfurt and London for around ten years and was the interim Head of Investment Banking and Head of Corporate Finance for the Vontobel Group in Zurich from 2002 to 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. He is an independent non-executive director.
Other mandate:
- BB Biotech, Chairman of the Board of Directors (since 21 March 2024)
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 is an independent non-executive director.
Other mandates:
- economiesuisse, the umbrella organisation representing Swiss business, President
- Lonza Group AG, Vice-Chairman of the Board of Directors (until 2024, since then Lead Independent Director)
- Assivalor AG, member of the Board of Directors
- Schindler Holding AG, member of the Board of Directors (since 19 March 2024)
- Swiss National Bank, member of the Bank Council
- Becker | Gurini | Partner, law firm + notary’s office, Partner
Maya Bundt (1971, Germany/Switzerland, Dr sc. nat. ETH Zurich, geoecologist) has been a member of the Board of Directors since April 2022. She worked for the reinsurance company Swiss Re in a variety of roles, including Head of the Cyber & Digital Solutions department, Cyber Practice Leader and Chair of the Swiss Re Cyber Council. Before joining Swiss Re, Dr Maya Bundt spent three years working for the Boston Consulting Group as a strategy consultant in a variety of sectors. She is an independent non-executive director.
Other mandates:
- Valiant Bank AG, member of the Board of Directors
- APG SGA AG, member of the Board of Directors
- Federal administration, President of the steering committee for the implementation of the National Cyberstrategy (NCS)
Guido Fürer (1963, Switzerland, Doctor of Economics, EMBA) has been a member of the Board of Directors since 2024. After finishing his MA in economics, he completed a doctorate in financial risk management at the University of Zurich. He also has an Executive MBA from INSEAD, Fontainebleau, France. Dr Guido Fürer began his career in 1990 at Swiss Bank Corporation and in 1997 moved to Swiss Re, where he held a number of different roles. Following his appointment as Group Chief Investment Officer and member of the Corporate Executive Committee in 2012, Dr Fürer headed up Group Asset Management until the end of March 2023. From 2019 to 2022, he was responsible for Swiss Re in Switzerland as Country President, and was the Chair of the Group Strategic Council. He is an independent non-executive director.
Other mandates:
- Department of Finance at the University of Zurich, Chairman of the Advisory Board
- Swiss Institute for Art Research (SIK-ISEA), member of the Board of Foundation and Head of the Financial Committee
- Schwyzer-Winiker Foundation in Zurich, Vice-Chairman of the Board of Foundation (stepped down with effect from 1 January 2025)
André Helfenstein (1967, Switzerland) has been a member of the Board of Directors since April 2025. He graduated from the University of St. Gallen with a Master’s degree in Business Administration. As a partner and managing director of the Boston Consulting Group, he was primarily responsible for insurance companies, banks and asset managers. André Helfenstein held various management positions at Credit Suisse (CS), most recently as CEO of the Swiss business and member of the CS Group Executive Board. He is an independent non-executive director.
Other mandate:
- SIX Group AG, member of the Board of Directors
Karin Lenzlinger Diedenhofen (1959, Switzerland, Dr oec. HSG) has been a member of the Board of Directors since 2021. Until the end of February 2024, she was a member of the Board of Directors of LLB (Switzerland) AG. Between 1991 and 2019, she held various positions, including CEO and delegate of the Board of Directors of Lenzlinger Söhne AG, Nänikon/Uster from 1999. She is an independent non-executive director.
Other mandates:
- Zurich Chamber of Commerce, President
- Zürcher Oberland Medien AG, Chairwoman of the Board of Directors
- Staff pension fund of Zürcher Oberland Medien AG, Chairwoman
- SV Group AG, Vice-Chairwoman of the Board of Directors
- Übermorgen Ventures Investment AG, member of the Board of Directors
- economiesuisse, member of the Board of Directors
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 was Vice-Chairman of the Board of Directors of Orior AG until April 2023. He is an independent non-executive director.
Other mandates:
- Galenica AG, Chairman of the Board of Directors
- Jacobs Holding AG, member of the Board of Directors
- Barry Callebaut AG, Vice-Chairman of the Board of Directors
- Avenir Suisse, Vice-Chair of the Board of Trustees
- Zurich Chamber of Commerce, Vice-Chairman of the Management Board
Vincent Vandendael (1964, Belgium) has been a member of the Board of Directors since April 2025. He holds a Master’s degree in Commercial Engineering with a focus on finance from the Catholic University of Leuven. He was CEO of the Commercial & Corporate segment in the Asia-Pacific business of the Zurich Insurance Group and Global Chief Commercial Officer at Lloyd’s of London. As CEO of the Everest Group reinsurer, he was responsible for the company’s European business and Global Markets. He is an independent non-executive director.
Other mandates:
- Mivinpro BV, Directeur
- Chedid Re, member of the Board of Directors
- MJM Holdings Capital Group, member of the Board of Directors
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 master’s degree and a PhD in law and a master’s degree in philosophy from the University of Fribourg. She has completed executive development courses in finance at Harvard Business School and in sustainability/ESG at the Oxford Said Business School. She is an independent non-executive director.
Other mandates:
- Law firm Des Gouttes & Associés in Geneva, Of Counsel
- University of Geneva, School of Economics and Management, honorary professor
- Banco Santander International SA, Vice-Chair of the Board of Directors
- Ina Invest AG, member of the Board of Directors
- Board of Foundation of the Swiss Board Institute, Vice-Chairwoman
- Swiss Institute of Directors, member of the Board of Governors
- Foundation for Accounting and Reporting Recommendations (Swiss GAAP FER), member of the Board of Foundation
- Implenia AG, member of the Board of Directors
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
Dr Guido Fürer, Chairman
André Helfenstein, Vice-Chairman
Dr Thomas von Planta, 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
Vincent Vandendael, 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
Dr Karin Lenzlinger Diedenhofen, Vice-Chairman
Dr Maya Bundt, Member
Vincent Vandendael, Member