Miscellaneous: New Management Board for german Baloise subsidiaries

    

Miscellaneous: New Management Board for german Baloise subsidiaries 

New Management Board for Baloise subsidiaries
Deutscher Ring Sach and Deutscher Ring Leben
 
 
Basel/Bad Homburg/Hamburg, 26 Nov 2008. The Supervisory Boards of Deutscher
Ring Sachversicherungs-AG (DR Sach) and Deutscher Ring Lebensversicherungs-AG
(DR Leben) have today appointed a new Management Board and announced the new
departmental responsibilities. The new Board of DR Sach and DR Leben will be
under one and the same management as Basler Versicherungen (Baloise Insurance)
in Bad Homburg, which also belongs to the Baloise Group.
 
Frank Grund (50), CEO of Basler Versicherungen since 2003, has been appointed
CEO of DR Sach and DR Leben with immediate effect. He is also responsible for
sales & marketing - an area which he currently manages at Basler
Versicherungen. Clemens Fuchs (51) is responsible for nonlife insurance,
Hubertus Ohrdorf (62) for life insurance & finance, and Christoph Wetzel (45)
for operations.
 
"I am delighted that we have been able to place DR Sach and DR Leben into the
hands of an established management team which has already been working together
successfully for several years", says Martin Wenk, Chairman of the DR Sach and
DR Leben Supervisory Boards. The new Management Board of DR Sach and DR Leben
will begin its work immediately.
"My colleagues and I are delighted with this vote of confidence and will do all
we can, together with our employees and sales partners, to lead Baloise's German
business units into a successful future", says new CEO Frank Grund.
 
On 11 November 2008, Baloise Group announced its intention to place all its
German business units under uniform management in order to increase its
competitiveness and generate profitable growth. This includes DR Sach, DR Leben
and Basler Versicherungen. In future, the company's central management functions
will be located in Bad Homburg.  "The Hamburg location will also play an
important role in future operations", says Frank Grund. The tried-and-tested
alliance with Deutscher Ring Krankenversicherungsverein a.G. (DR Kranken) is to
be continued.   "In the short term, we want to join forces with DR Kranken and
are pleased that both the Supervisory Board and the CEO of the health insurance
company have expressed their willingness to continue with this constructive
collaboration", says Frank Grund.
 
 
 
 
 
 
About Baloise
Headquartered in Basel (Switzerland) and with operations in continental Europe,
the Baloise Group is a solutions provider in the fields of insurance and
pensions. Baloise's strategic focus is on sustainable, profitable growth in
preferred target segments. Its core markets are Switzerland, Germany, Belgium,
Luxembourg, Austria, Croatia and Serbia. The Baloise Group's consolidated
business volume totaled approx. EUR 4.8 bn in 2007. The Baloise Group employs
some 8,600 people. Baloise-Holding registered shares are included in the Swiss
Market Index (SMI) and are traded under the symbol BALN VX. The Baloise Group
operates in Germany with Basler Versicherungen, Deutscher Ring
Lebensversicherungs-AG and Deutscher Ring Krankenversicherungs-AG.
 
About Basler Versicherungen
Headquartered in Bad Homburg, Basler Versicherungen belongs to the Swiss
Baloise Group. It specializes in property insurance and provides non-life,
pension and asset building solutions for private individuals, small and
medium-sized enterprises and selected industrial clients.
 
About Deutscher Ring
Headquartered in Hamburg, Deutscher Ring comprises three companies: Deutscher
Ring Lebensversicherungs-AG and Deutscher Ring Krankenversicherungs-AG belong to
the Baloise Group; Deutscher Ring Krankenversicherungsverein a.G. is a legally
independent mutual health insurance company. Deutscher Ring has positioned
itself as a pension and asset building specialist for private individuals. Old
age and healthcare provide the basis for its range of services.
 
 

------------------------------------------------

 
Head Office of the Baloise Group: Aeschengraben 21, CH-4002 Basel
Internet: www.baloise.com (http://www.baloise.com/) 
 
E-mail: media.relations@baloise.com / investor.relations@baloise.com
 
Investor Relations: Tel.  +41 61 285 81 81   Fax +41 61 285 75 62
Media Relations:    Tel.  +41 61 285 84 67   Fax +41 61 285 90 06
 

------------------------------------------------
 

CV Frank Grund:
http://marco3.newsbox.ch/publish/baloise/18_141/CV_Frank_Grund_e.pdf
Media information:
http://marco3.newsbox.ch/publish/baloise/18_142/Medieninfo_Baloise_Deutschland_26_11_08_e.pdf


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