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