Baloise to propose new external auditors

Basel, At its next Annual General Meeting, Bâloise Holding Ltd is to propose that its shareholders elect Ernst & Young (EY), Basel, as the company's new external auditors. A new invitation to tender was issued and the contract awarded in anticipation of new requirements to change external auditors on a regular basis.

Following a comprehensive and competitive tendering process, the decision went in favour of EY as the successor to PwC. The election of EY will be proposed at the Annual General Meeting on 29 April 2016. "PwC have been our auditors for many years and I would like to thank them on behalf of the entire Board of Directors for the excellent working relationship between us and the commitment they have shown," said Andreas Burckhardt, Chairman of the Board of Directors of Bâloise Holding Ltd. Baloise is very much looking forward to working with EY in the future.

The Board of Directors has decided to appoint Ernst & Young AG, Basel, as external auditors and group auditors for the period 2016 to 2019. Their mandate will cover all companies held directly or indirectly by the Baloise Group within Bâloise Holding Ltd's group of consolidated companies. According to section 28 of Baloise's Articles of Association, the Annual General Meeting must elect the company's external auditors for a term of one financial year, but it is possible for them to be re-elected.

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 7,400 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.