Anthemis Baloise Strategic Ventures Will Deploy CHF 50 Million on Investments in European, UK- and US-Based Startups
Baloise Group (Baloise), the Swiss-based European provider of insurance and pension solutions, and Anthemis Group (Anthemis), the leading digital financial services investment and advisory firm, today announced an investment partnership focused on powering the next wave of insurance and risk management companies. Baloise has committed CHF 50 million for Anthemis to help source, execute and manage investments in startups across Europe, the UK and the US.
Headquartered in Basel, Switzerland, Baloise is a European provider of insurance and pension solutions with more than CHF 50 billion in assets under management. In Switzerland, the company operates as a focused financial services provider, offering a combination of insurance and banking services and also has a market presence in Belgium, Germany and Luxembourg via its own sales organization as well as brokers and other partners.
Gert De Winter, Group CEO Baloise, said, “Insurance incumbents have a unique opportunity to capitalize on lessons learned from the financial services world’s venturing successes and mistakes. We could not find a better partner to give us a thoughtful view on innovation in insurance and risk than the team at Anthemis Group, who are known by startups and large institutions alike for their formidable track record in investing and advising.”
Nadeem Shaikh, Founder and CEO of Anthemis, said, “It’s clearer than ever that the road to innovation comes from collaboration between startups and incumbents. At Anthemis, our offering continues to evolve to make sure that we are best placed to provide the insights, counsel, support and execution corporates need to understand their industries’ fast-changing landscapes. The team at Baloise recognized our considerable experience in insurance – from investments in companies like Climate Corporation, Trov, Quantemplate and kWh Analytics – along with our track record of successful collaboration with incumbents on the advisory side of our business. We are thrilled to join forces with them on Anthemis Baloise Strategic Ventures and look forward to continuing our quest to transform the industry.”
About Baloise Group
The Baloise Group is more than just a traditional insurance company. The changing security, safety and service needs of society in the digital age lie at the heart of its business activities. The 7,400 or so employees of Baloise therefore focus on the wishes of their customers. The best possible customer service, combined with innovative products and services, makes Baloise the first choice for people who want to feel ‘simply safe’. Located at the heart of Europe, with its head office in Basel, the Baloise Group is a provider of prevention, pension, assistance and insurance solutions. Its core markets are Switzerland, Germany, Belgium and Luxembourg. In Switzerland, with Baloise Bank SoBa, the Group also operates as a specialised financial services provider, offering a combination of insurance and banking services. The Group offers innovative pension products to retail customers throughout Europe from its competence centre in Luxembourg. Bâloise Holding Ltd shares are listed in the main segment of the SIX Swiss Exchange.
About Anthemis Group
Anthemis is a leading digital financial services venture capital and strategic advisory firm, focused on reinventing financial services for the 21st century. Anthemis believes the financial services industry is approaching the inflection point of a multi decade transformation driven by the development, diffusion and adoption of new information and communications technologies to fundamentally change the way services are designed, delivered and consumed. For more than a decade, Anthemis has worked with a diverse group of customers and partners, from startups to venture capital firms and financial institutions, to identify, catalyze and accelerate digitally native financial firms that are driving positive and disruptive change across the industry.