Baloise completes its acquisition of Fidea

Basel, July 17, 2019. The Baloise Group announced on 15 April 2019 that it was acquiring Belgian insurer Fidea NV for €480 million. This transaction has now been completed, after the necessary approvals were obtained from all of the relevant authorities. The acquisition enables Baloise to significantly strengthen its position in the attractive Belgian market for non-life and life business.

The Baloise Group completed the purchase of the Belgian insurer Fidea NV on 16 July 2019. The transaction gives Baloise an 8.5 per cent share of the attractive Belgian market for non-life business (increase of 1.7 percentage points). In the life business, the acquisition increases Baloise’s market share by 0.7 percentage points to 4.2 per cent. Now that the transaction has been completed, Fidea’s business will start to be integrated into Baloise Insurance in Belgium.

Contact

Portrait Roberto Brunazzi

Roberto Brunazzi

Head of Media Relations

Phone

+41 58 285 82 14

Email

media.relations@baloise.com

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 7,200 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.

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