We are part of the Helvetia Baloise Group
DE FR
General inquiries
From outside Switzerland: +41 58 285 85 85
Contact
Media releases
Basel, February 1, 2024. Baloise is optimising a run-off life insurance portfolio in Belgium by entering into a reinsurance transaction with RGA International, a subsidiary of Reinsurance Group of America, Incorporated. The portfolio comprises around 57,000 life insurance policies with reserves of some EUR 900 million.

As part of its active management of closed policy portfolios, Baloise is announcing the optimisation of a life insurance portfolio of its Belgian business unit by means of a reinsurance transaction with RGA International. The run-off portfolio comprises around 57,000 life insurance policies with reserves of some EUR 900 million. This equates to approximately 12 per cent of all reserves in the Belgian life business. The portfolio, which contains savings and pension products with an average guaranteed rate of return of 3.8 per cent, is being secured through a reinsurance transaction in which all of the portfolio’s financial and biometric parameters are transferred to the reinsurer. Baloise in Belgium remains the point of contact for customers and partners.  

The transaction represents the next step in Baloise’s strategy for the life insurance business of focusing on modern insurance products. This measure has no significant influence on profit nor on the solvency ratio of the Baloise Group. 
About Helvetia Baloise Helvetia Baloise is Switzerland’s largest multi-line insurer and one of Europe’s leading insurance groups. Every day, more than 22,000 employees work hard to support around 13 million customers with insurance, pension, and financial solutions. These customers range from individuals and small to medium-sized enterprises (SMEs) through to international customer groups, which also benefit from areas such as specialty insurance and reinsurance. Headquartered in Basel, Switzerland, Helvetia Baloise operates in eight European markets and in global specialty markets, combining its strong Swiss roots with a clear international focus. Helvetia Baloise creates safety and security and opens up opportunities, both today and in the future. Through profitable growth and business operations that are geared to long-term stability, we create tailored solutions for our customers, provide an attractive and reliable investment for our shareholders, promote strong partnerships and offer rewarding career prospects for our employees. Helvetia Baloise Holding Ltd shares (HBAN) are listed on the SIX Swiss Exchange.
Other news