Baloise completes purchase of non-life insurance portfolio from Athora

Basel, June 2, 2020. On 4 November 2019, the Baloise Group announced that it was buying Athora Belgium’s non-life insurance portfolio for EUR 60 million. This transaction was completed on 31 May 2020, after the necessary approvals were obtained from the relevant antitrust and supervisory authorities. The acquisition strengthens Baloise’s position in the Wallonia region and is the ideal complement to Baloise Belgium’s presence in the Flanders region.

The Baloise Group completed the purchase of Athora Belgium’s non-life insurance portfolio on 31 May 2020. As part of the transaction, Baloise is taking on around 150 employees and more than 360,000 insurance policies from Athora in Belgium. Now that the transaction has been completed, Athora’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 7,600 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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