BAL Bioenergy AF.(See LSE:SBLM)

    

Miscellaneous: Baloise streamlines the management of its German units

 

* Joint Management Board for Basler Versicherungen, Deutscher Ring
Sachversicherungs-AG and Deutscher Ring Lebensversicherungs-AG.

* Frank Grund to become CEO of Baloise's German operation.

* Wolfgang Fauter, former CEO of Deutscher Ring, will no longer serve on new
Management Board of Deutscher Ring Sachversicherungs-AG and Deutscher Ring
Lebensversicherungs-AG.
* Cooperation with Deutscher Ring Krankenversicherungsverein a.G. to continue.


 
Basel/Bad Homburg/Hamburg, 11 Nov 2008. The Baloise Group is placing its German
business units, Basler Versicherungen, Deutscher Ring Sachversicherungs-AG (DR
Sach) and Deutscher Ring Lebensversicherungs-AG (DR Leben) under uniform
management. They will have one and the same Management Board. The plan is for
Frank Grund to become the new CEO - he is currently CEO of Basler
Versicherungen. As of 26 Nov 2008, the CEO of Deutscher Ring, Wolfgang Fauter,
will no longer serve on the Management Board of DR Sach and DR Leben. The plan
also foresees Clemens Fuchs, Hubertus Ohrdorf and Christoph Wetzel, current
members of the Management Board of Basler Versicherungen, becoming members of
the new joint Management Board. Moreover, the Management Board could also
include members from the former Management Board of Deutscher Ring. The
Supervisory Boards of DR Sach and DR Leben will appoint the new Management Board
members on 26 November 2008.
 
Members of the DR Sach and DR Leben Management Boards will no longer serve on
the Management Board of Deutscher Ring Krankenversicherungsverein a.G. (DR
Kranken). DR Kranken is a legally independent mutual insurance company. The
well-established cooperation between DR Sach, DR Leben and DR Kranken is to be
continued.
 
"Our German business units have achieved considerable success in recent years",
says Rolf Sch�uble, Chairman of the Board of Directors and CEO of the Baloise
Group. "By streamlining our management, we are creating structures that are more
efficient and transparent in order to increase our competitiveness in Germany
and thus generate profitable growth. To do this, we will continue with the
well-established partnership with DR Kranken and are committed to the associated
agreements."
 
In future, the business activities of Basler Versicherungen, DR Sach and DR
Leben will be more closely networked with the aim of bundling the strengths of
property, accident and life insurance in order to expand market access and
generate synergies. The existing business activities will be continued unchanged
for the time being. The location in Hamburg will remain. The central management
of Baloise's German business units will be located in Bad Homburg. The new
Management Board will perform a review across all operations in Germany by
spring 2009. The strengths of all units are taken into account. Specific
statements on the new organization will follow at that time.
 
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 and Croatia. 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.
 
Key figures for Baloise in Germany: see attached pdf
 

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

------------------------------------------------
Headquartered in Basel (Switzerland) and with operations in continental Europe,
the Baloise Group is a solution provider in the fields of assurance and
pensions. The Group's strategic focus is on sustainable, profitable growth in
selected target segments. Its target markets are Switzerland, Germany, Belgium,
Luxembourg, Austria, Croatia and Serbia. The Baloise Group employs approximately
8,600 people. B�loise-Holding registered shares are included in the Swiss
Market Index (SMI).

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

PDF Media information (incl. key figures):
http://marco3.newsbox.ch/publish/baloise/18_127/Medieninfo_Baloise_Deutschland_e.pdf


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