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Bâloise Holding AG is a Swiss insurance holding company headquartered in Basel. The company employs approximately 9,000 employees across Europe and is the third-largest Swiss all-industry insurance service provider for individuals and businesses.
 | |
| Company type | Aktiengesellschaft |
|---|---|
| SIX: BALN | |
| Industry | Financial services |
| Founded | 1863 (Basler Versicherungsgesellschaft gegen Feuerschaden) 1962 (Bâloise Holding) |
| Headquarters | , |
Key people | Michael Müller (CEO), Carsten Stolz (CFO), Andreas Burckhardt (Chairman) |
| Products | Insurance, banking, pensions |
| Revenue | CHF 8.981 billion (2015)[1] |
| CHF 511.1 million (2015)[1] | |
| Total assets | CHF 78.783 billion (end 2015)[1] |
| Total equity | CHF 5.462 billion (end 2015)[1] |
Number of employees | 7,300 (FTE, end 2015)[1] |
| Website | www.baloise.com |
History
editThe Basler Versicherungen was founded in 1863 as Basler Versicherungsgesellschaft gegen Feuerschaden, insuring inhabitants of Basel against fire damage. This was prompted by the tragic fire incident in Glarus - in the following year, the company already expanded to covering life and transportation, as well as expanding geographically within Switzerland and abroad. At the end of the decade, the insurer added its own reinsurance business to the portfolio.
By the early 20th century, the business was booming and the company even dabbled in the U.S. market. However, they had exited the U.S. again by the time of the 1906 San Francisco earthquake, avoiding any insurance loss created by that natural catastrophe. World War I presented a difficult time to do business, but Baloise was able to continue expanding internationally even during the depression before World War II. During the War, the headquarters were evacuated due to proximity to both the French and German border and 115 tons of files were moved to a secure location protected by the Swiss army near Saanen. After the war, Baloise was able to grow as part of Europe's economic advances and in 1962, the separate parts of the business all became part of holding structure.
The 1970s and 1980s brought new international subsidiaries, such as in Austria, and acquisitions, including Deutscher Ring Leben in Germany, a majority stake in Mercator in Belgium, and the Providence Washington Insurance Company in the U.S. Many of these businesses were later sold, while new ones were acquired.
In 2007, baloisedirect.ch was launched as the company's online insurance provider, offering insurance for vehicles, personal liability insurance, home contents insurance, legal expenses insurance and travel insurance.[2]
Holding structure
editBâloise Holding operates in Europe through various subsidiaries:
Switzerland: Basler Versicherungen Schweiz, Baloise Bank, Baloise Asset Management, Baloise Fund Invest
Germany: Basler Versicherungen, Deutscher Ring
Liechtenstein: Baloise Life
Belgium: Baloise Insurance
Luxembourg: Bâloise Assurances
The company is listed on the SIX Swiss Exchange. The biggest shareholders of Bâloise are Chase Nominees and BlackRock.[3]
On July 1, 2023, Michael Müller took the post as CEO from Gert De Winter, who was CEO for eight years.
References
edit- ^ a b c d e "Annual Report 2015" (PDF). Bâloise. Retrieved 3 April 2015.
- ^ Markus von Escher, Karl Lüönd: Sicherheit als Prinzip. 150 Jahre und eine Zukunft für die Basler. Hrsg. Bâloise Holding AG, 2013, ISBN 978-3-033-04256-8, S. 267.
