ISIN:CH0012410517

Baloise’s Switzerland business proves robust despite challenging year

Retrieved on: 
Mercredi, avril 10, 2024
Growth, Vitello, Pension, Policy, Insurance, Investment, Ecosystem, Mobility, CHF

The full-range financial service offering, encompassing insurance and banking services, is proving extremely popular with customers and is continuing to grow steadily across Switzerland.

Key Points: 
  • The full-range financial service offering, encompassing insurance and banking services, is proving extremely popular with customers and is continuing to grow steadily across Switzerland.
  • Clemens Markstein, CEO of Baloise Switzerland: “The storm that hit all parts of Ticino in August resulted in an exceptionally high number of claims for the Switzerland business in 2023.
  • But the business still proved robust despite it being such an exceptional year for claims.
  • The very good growth in premiums in the non-life business was particularly encouraging, as were the strong earnings in the banking business.

The Board of Directors comments on zCapital’s proposals

Retrieved on: 
Mercredi, avril 10, 2024
Proxy, Risk, Form, Internet, Mass meeting, Insurance, QR, SMI Expanded, Orientation, Feedback, Security (finance)

Baloise’s Board of Directors encourages shareholders to vote and recommends zCapital’s proposals be rejected.

Key Points: 
  • Baloise’s Board of Directors encourages shareholders to vote and recommends zCapital’s proposals be rejected.
  • The Board offers the prospect to amend the corresponding provisions of the articles of association at the 2025 General Meeting.
  • On the 21st of February 2024, asset manager zCapital has submitted proposals to the Board of Directors, according to which the registration and voting rights restriction in the articles of associations is to be lifted.
  • In preparation for this statement, the Board of Directors has initiated the discussion with shareholders and other stakeholders.

Baloise optimises the run-off portfolio in its Belgian life business

Retrieved on: 
Lundi, février 5, 2024
Reinsurance Group of America, Bâloise, Reinsurance

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.

Key Points: 
  • 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 transaction represents the next step in Baloise’s strategy for the life insurance business of focusing on modern insurance products.