M&A Deal Summary

Baloise Holding Acquires Securitas Bremer Allgemeine Versicherungs AG

On November 22, 2002, Baloise Holding acquired insurance company Securitas Bremer Allgemeine Versicherungs AG from RSA

Acquisition Highlights
  • This is Baloise Holding’s 1st transaction in the Insurance sector.
  • This is Baloise Holding’s 1st transaction in Germany.

M&A Deal Summary

Date 2002-11-22
Target Securitas Bremer Allgemeine Versicherungs AG
Sector Insurance
Buyer(s) Baloise Holding
Sellers(s) RSA
Deal Type Divestiture

Target

Securitas Bremer Allgemeine Versicherungs AG

Bremen,, Germany
Securitas Bremer Allgemeine Versicherungs AG operated as an insurance company which provides a range of insurance coverage including property, automobile, personal liabilty, transport, fire, and technical insurance policies.

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Buyer(S) 1

Buyer

Baloise Holding

Basel, Switzerland

Category Company
Founded 1863
Sector Insurance
Employees7,569
Revenue 6.4B CHF (2024)
DESCRIPTION

Baloise Holding is a provider of insurance and pension solutions. It positions itself as an insurer with an intelligent risk-prevention concept, the “Safety World”. In Switzerland, the Group operates as a specialised financial services provider offering a combination of insurance and banking services. Bâloise Holding was incorporated in 1863 and is based in Basel, Switzerland.


DEAL STATS #
Overall 1 of 6
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Germany M&A 1 of 1
Year: 2002 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-22 Basler osiguranja a.d.o

Belgrade, Serbia

Basler osiguranja a.d.o is a provider of insurance solutions for private customers including life insurance in Serbia.

Sell -

Seller(S) 1

SELLER

RSA

London, United Kingdom

Category Company
Sector Insurance
Employees12,378
Revenue 6.9B GBP (2019)
DESCRIPTION

RSA is a multinational quoted insurance group. RSA has core operations in the UK, Scandinavia, Canada, Ireland, and Latin America, and has the capability to write business in around 140 countries. RSA is focusing on general insurance. RSA is based in London, the United Kingdom.


DEAL STATS #
Overall 5 of 24
Sector: Insurance M&A 5 of 23
Type: Divestiture M&A Deals 5 of 21
Country: Germany M&A 1 of 1
Year: 2002 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-07-01 Royal & Sun Alliance Schadeverzekeringen N.V

Apeldoorn,, Netherlands

Royal & Sun Alliance Schadeverzekeringen N.V is a provider of property and casual insurance services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-06-09 Royal & SunAlliance Insurance

Guaynabo,, Puerto Rico

Royal & SunAlliance Insurance (Puerto Rico), Inc. is a provider of insurance services.

Sell £38M