Stocks

Swiss insurer Baloise to buy Belgium's Fidea for 480 mln euros

Reuters

ZURICH, April 15 () - Swiss insurer Baloise Holding on Monday said it is acquiring the Belgian insurer Fidea NV for 480 million euros ($543 million) from China'sAnbang Insurance Group to boost its position in the Belgian non-life and life insurance market.

Baloise said the deal will increase its share of the non-life business in Belgium by 1.7 percentage points to 8.5 per cent and by 0.7 percentage points to 4.2 per cent in the life business.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More