Baloise Group CEO Martin Strobel announces his departure in 2016

Basel, Martin Strobel, Baloise Group CEO, has announced that he will be standing down on 30 April 2016. Strobel is 49 years old and has been with the company since 1999. He became Group CEO on 1 January 2009. From 2003 to 2008 he was a member of the Corporate Executive Committee with responsibility for Corporate Division Switzerland.

Andreas Burckhardt, Chairman of the Board of Directors of Bâloise Holding Ltd, applauded the Strobel era: "He created the foundations and structures that are enabling Baloise to cope successfully with the current challenges of the financial and currency crisis." Martin Strobel forged ahead with Baloise's consolidation strategy, maintained the strategy of operational excellence and was responsible for the successful reorganisation of the group's German business. As a result, the foundations were laid for Baloise to become one of the most profitable insurance groups in Europe.

Martin Strobel stated that he was resigning for personal reasons. After 17 years at Baloise – 13 as a member of the Corporate Executive Committee – he is looking for a career change. The process to find his successor is timely being launched to enable an orderly handover to a new CEO by the end of April 2016. "Although he is not leaving until the end of April 2016 and I look forward to continuing to work with him until then, I would like to thank Martin Strobel for his commitment and the success he has achieved in the past 17 years. Thanks to Martin Strobel, Baloise is in an excellent position and on course to achieve its targets again in 2015," said Andreas Burckhardt.

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.