Nationale Suisse and Baloise Switzerland to collaborate on insuring major art collections and exhibitions

Thursday, 05. September 2013 07:01

Nationale Suisse / Nationale Suisse and Baloise Switzerland to collaborate on insuring major art collections and exhibitions . Processed and transmitted by Thomson Reuters ONE. The issuer is solely responsible for the content of this announcement.

Nationale Suisse and Baloise Insurance are to work together to insure major art collections and exhibitions in Switzerland. This will allow clients to benefit from greater insurance capacity available locally as well as tailored solutions.

The two Basel-based insurers Nationale Suisse and Baloise Insurance are to enter into a partnership in the art insurance sector and will be working together to pool their capacity for the Swiss market locally. In the future, major art collections and exhibitions held by museums, foundations and companies, but also private individuals, will be insured jointly under the overall management of Nationale Suisse. With this co-insurance of location, storage and transport risks at a local level, Switzerland's leading players on the art market will have even better opportunities to easily access greater insurance capacity and to benefit from solutions tailored precisely to Swiss requirements.

Shared expertise and better access to the market
The two insurers also stand to gain from the partnership: in respect of major risks, this non-exclusive cooperation will enable Baloise Insurance to draw on the experience and positioning gained by Nationale Suisse over many years as an internationally renowned art insurer. In addition, the two co-insurers will gain enhanced access within this segment of the art insurance market, where large sums are involved.

Strengthening the range of art insurance services for brokers and clients in Switzerland
Hans Künzle, CEO of Nationale Suisse, is delighted to have found an area of business to cultivate together with Baloise that is attractive to both companies: "This partnership puts us in an even better position to further strengthen the range of art insurance services that Swiss insurers can provide to brokers and clients in Switzerland. We believe that the long tradition we both share of actively collecting and promoting art will be a further key element underpinning successful collaboration." Michael Müller, CEO of Baloise Insurance Switzerland, stresses the added value for clients: "This cooperation allows us to provide even greater security for our clients in the art sector. The new, tailored insurance solutions will complement our current wide range of services."

Baloise Insurance
Baloise Insurance and Baloise Bank SoBa act together as a focused provider of financial services, combining insurance and banking services. They are leaders in the field of integrated solutions for insurance, pensions and asset formation for private customers and small and medium enterprises in Switzerland. With its "Safety World" concept, Baloise is also an insurer with a range of intelligent prevention services. Baloise Insurance has approximately 3 300 employees.

Baloise Insurance and Baloise Bank SoBa are part of the Baloise Group, which is headquartered in Basel, Switzerland. Baloise shares are quoted in the main segment of the SIX Swiss Exchange. The Baloise Group employs approximately 8 800 people.

Nationale Suisse
Nationale Suisse is an innovative, international and independent Swiss insurance group providing first-rate risk and pension solutions in non-life and life business as well as a growing number of tailored specialty lines products. Consolidated gross premiums came to CHF 1.51 billion in 2012. The Group comprises the parent company and about 20 subsidiaries and branch offices for focused product lines in Switzerland, Italy, Spain, Germany, Belgium, Liechtenstein, Malaysia, Latin America and Turkey. The headquarters of Swiss National Insurance Company Ltd are in Basel. Nationale Suisse is listed on the SIX Swiss Exchange (NATN). On 30 June 2013, the Group employed 1 889 staff (full-time equivalents).

Nationale Suisse Baloise Insurance
Christina Hartmann Amos Winteler
Media Relations Head of Communications Switzerland
Phone +41 61 275 23 40 Phone +41 58 285 74 70
Fax +41 61 275 22 21
Remo Meier
Investor Relations
Phone +41 61 275 22 45
Fax +41 61 275 22 21   
Nationale Suisse Baloise Insurance
Steinengraben 41 Aeschengraben 21
4003 Basel 4002 Basel
Switzerland Switzerland

Disclaimer and exclusion of liability
The purpose of this press release is to inform the public about certain events or developments arising from the company's business. The information published in this article is not an advertisement, offer or recommendation to engage in transactions involving securities or other products of Nationale Suisse or any other type of transaction. This press release may contain certain forward-looking statements. Even if these forward-looking statements reflect the opinion and expectations of Nationale Suisse, a number of risks, uncertainties and other important factors may lead to actual developments and results differing strongly from the expectations of Nationale Suisse. It is pointed out expressly that the statements and projections contained in this press release are selective in nature. Nationale Suisse provides no guarantee, either explicitly or implicitly, regarding the accuracy and completeness of the statements and forecasts published in this press release. Neither Nationale Suisse nor its executive bodies or senior managers accept any liability for any damage or losses arising directly or indirectly from the use of this press release. Unless otherwise provided by applicable binding law Nationale Suisse is under no obligation to update or amend the statements contained in this press release, be it in response to new information, future events or any other reasons.

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Source: Nationale Suisse via Thomson Reuters ONE


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Nationale Suisse
Steinengraben 41 Basel

WKN: 1081197;ISIN: CH0010811971;

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