Baloise’s rating upgraded

Basel, Standard & Poor’s has increased Baloise Insurance Ltd’s rating to “A” with a stable outlook. In particular, Standard & Poor’s recognises the very strong capitalisation, high level of profitability and strong competitive position in the core markets. The current report is available at www.baloise.com/rating.

Standard & Poor’s describes Baloise’s very strong capitalisation, strong competitive position in the core markets and diversified earnings power as its key strengths. In addition, the rating agency has also rated the enterprise risk management as strong. Customers, business partners and investors have thus been given independent confirmation that Baloise is a reliable and high-performing partner, which fully reflects its brand promise “Making you safer”.

Standard & Poor’s, one of the world’s leading rating agencies, assesses the creditworthiness of a company based on quantitative and qualitative criteria.

Headquartered in Basel, Switzerland, the Baloise Group is a European provider of insurance and pension solutions and has positioned itself as a market player that offers an intelligent 'Safety World' prevention strategy. In Switzerland the Company operates as a focused financial services provider, offering a combination of insurance and banking services. It also has a market presence in Belgium, Germany and Luxembourg. Its distribution network includes its own sales organisation as well as brokers and other partners. The Company uses its competence centre in Luxembourg to run its business in innovative pension products for private customers throughout Europe. Bâloise Holding Ltd shares are listed in the main segment of the SIX Swiss Exchange. The Baloise Group employs some 7,400 people.