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Media release
Group News

Helvetia concludes withdrawal from Belgian market

Helvetia has completed the sale of its subsidiary Nationale Suisse Belgium and the two underwriting agencies owned by the latter to Enstar Group.This concludes the insurance group’s withdrawal from the Belgian market.
Helvetia announced on 6 February 2015 that it was selling its Belgian subsidiary Nationale Suisse Belgium and the latter’s two specialist underwriting agencies Vander Haeghen & C° and Arena to Enstar Group. This transaction has now been completed. The restructuring measures it entails for Nationale Suisse Belgium will be implemented with the aid of an agreed social plan.

Nationale Suisse Belgium and its two underwriting agencies belonged to the Nationale Suisse Group, which became part of the Helvetia Group in October 2014. The three companies that have now been sold generated more than 70% of Nationale Suisse’s premium volume in Belgium. The total sale price was EUR32.8million.

With the completion of this transaction and the prior sale of L’Européenne’s travel insurance portfolio to Mapfre Asistencia, Helvetia has now concluded its withdrawal from the Belgian market. However, Helvetia will continue to write art insurance business in Belgium via its subsidiary in Liechtenstein.

This media release is also available on our website

Contact information
Helvetia Group
Susanne Tengler
Head of Investor Relations
Dufourstrasse 40
CH-9001 St.Gallen

Phone: +41 58 280 57 79
Fax: +41 58 280 55 89
Helvetia Group
Christina Wahlstrand-Hartmann
Head of Media Relations
Dufourstrasse 40
CH-9001 St.Gallen

Phone: +41 58 280 50 33
Fax: +41 58 280 55 89
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