Acquisition in Luxembourg completed

Basel, Baloise has completed its acquisition of the Luxembourg business of Belgian insurance company P&V Assurances, thereby significantly strengthening its position in the attractive Luxembourg market.

 On 17 December 2013, Baloise announced it was purchasing the Luxembourg business of the Belgian insurance company P&V Assurances. With the closing of the transaction, Baloise takes over staff of around 100 employees from P&V Assurances, together with the local non-life and life businesses. The acquisition significantly strengthens Baloise’s position in the attractive Luxembourg market and increases its market share to over 10 per cent. 

The Baloise Group is more than just a traditional insurance company. The changing security, safety and service needs of society in the digital age lie at the heart of its business activities. The 7,300 or so employees of Baloise therefore focus on the wishes of their customers. The best possible customer service, combined with innovative products and services, makes Baloise the first choice for people who want to feel ‘simply safe’. Located at the heart of Europe, with its head office in Basel, the Baloise Group is a provider of prevention, pension, assistance and insurance solutions. Its core markets are Switzerland, Germany, Belgium and Luxembourg. In Switzerland, with Baloise Bank SoBa, the Group also operates as a specialised financial services provider, offering a combination of insurance and banking services. The Group offers innovative pension products to retail customers throughout Europe from its competence centre in Luxembourg. Bâloise Holding Ltd shares are listed in the main segment of the SIX Swiss Exchange.