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.
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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 7,700 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.