Baloise announced takeover of Fidea NV

2019-04-18 | DUPI Underwriting Agencies

DUPI Underwriting Agencies are managing and general agent (MGA) representing, amongst others, Baloise Belgium NV for Marine, Engineering and Casualty insurances.

Baloise Belgium announced the takeover of Belgian insurer Fidea NV from the Chinese Anbang. With the takeover, Baloise boost its position in the non-life and life insurance market in Belgium. According to Baloise, the deal will increase its market share of the non-life business in Belgium to 8.5 % and its share for life insurance to 4.2%

With the acquisition of nearly 400 employees, Baloise will have around 1600 employees in Belgium.

Read the full press release from Baloise here (in Dutch).