Baloise Holding AG News

Baloise Says Main Shareholder Patria Buys 9.35% Stake Ahead of Helvetia Merger

Baloise on Friday said that Patria Genossenschaft had acquired a 9.35% stake in the Swiss insurer, which this week announced plans to merge with competitor Helvetia. Patria is Helvetia’s main shareholder. The shares were acquired from Cevian Capital, Baloise said, …

Swiss Insurers Helvetia and Baloise to Merge to Create Top 10 Company

Helvetia and Baloise plan to merge to create Switzerland’s second-largest insurance group with a combined business volume of 20 billion Swiss francs ($24.69 billion), the pair said on Tuesday. The new group, to be called Helvetia Baloise Holding, will become …

Swiss Insurers Baloise, Helvetia Said to Explore Combination

Baloise Holding AG and Helvetia Holding AG have been exploring a possible combination that could create one of Switzerland’s largest insurers, according to people familiar with the matter. The companies have held on-and-off discussions in recent months about a potential …

Cevian’s Baloise Move Triggers European Insurers to Study Deal

Baloise Holding AG has become one of the most-discussed takeover candidates in the European financial sector, after agitation by an activist investor triggered top industry players to take fresh looks at the Swiss insurer. Zurich Insurance Group AG, AXA SA …

Swiss Insurer Baloise Eyes Changes in Board of Directors, Chairman Says

Swiss insurer Baloise is considering changes in its board of directors, Chairman Thomas von Planta said on Thursday after the company revealed plans to boost returns to shareholders. “We want to strengthen the insurance expertise on the board,” von Planta …

Swiss Insurer Baloise Targets Higher Returns for Shareholders After Cevian Move

Swiss insurer Baloise said on Thursday it plans to boost return on equity and will consider share buybacks after activist-investor Cevian Capital this week revealed it held more than 9% of the company’s stock, becoming its top stakeholder. Baloise said …

Pressure Grows on Swiss Insurer Baloise to Change Voting Rules

Shareholder pressure is growing on insurer Baloise to change its voting rules, with influential proxy adviser Glass Lewis backing one investor’s bid to remove a 2% ceiling on voting rights, saying it would make the Swiss group more attractive. Baloise …

Efma-Accenture Innovation Awards Offer View of Insurance Industry’s Transformation

Daniele Presutti, Accenture’s Insurance lead in Europe, and Silvia Milián, Accenture’s Insurance lead for strategy and consulting in Iberia discuss how the submissions to 2021’s Efma-Accenture Innovation in Insurance Awards demonstrated the extent that the insurance industry has been developing …

Winners Announced for 6th Annual Efma-Accenture Innovation in Insurance Awards

The winners of the sixth annual Innovation in Insurance Awards have been announced by Efma and Accenture, which jointly established the awards in 2016 to recognize technology innovation. At a virtual ceremony, Generali was a big winner, receiving four out …

Baloise Shopping for Insurers at Home and Abroad in Europe

Martin Strobel, CEO of Baloise Holding AG, said the insurance company may consider buying firms in Switzerland, Germany, Belgium and Luxembourg. “If more opportunities arise in our core markets we will examine these,” Strobel said in an interview at the …