By Nationale Suisse / Nationale Suisse granted insurance licence in Singapore . Processed and transmitted by NASDAQ OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement.
Nationale Suisse's new Singapore branch has received a licence from the local authorities allowing it to insure risks directly and to offer facultative reinsurance in Singapore and other Asian markets. This branch office of the Basel-based parent company is fully operational with immediate effect and offers tailored solutions in the engineering, marine and art sectors. It represents another long-term driver of growth and income for Nationale Suisse.
Having been involved in the Asian economic arena for seven years now from its regional base in Malaysia, the international Swiss insurance company Nationale Suisse has now received an insurance licence from the Monetary Authority of Singapore for its new branch in Singapore. This allows the company to underwrite more primary insurance and facultative reinsurance in Asia. The newly licensed branch office of the Swiss parent company is operating under the name Swiss National Insurance Company Ltd (Singapore Branch) and is commencing its activities with immediate effect.
Tailored insurance solutions in the Engineering, Marine and Art specialty lines
The local team of experts will offer clients, brokers and other insurance companies in Singapore and further Asian markets tailored insurance solutions through its Engineering, Marine and Art specialty lines. These include insurance for all manner of construction and infrastructure projects, cover for operational technical risks in specific industries (including business interruption), transport insurance, and the insurance of works of art and art collections.
A delighted Hans Künzle, CEO of the Nationale Suisse Group, said: "Our increased presence in Asia will bring us even closer to the market players in this up-and-coming region, enabling us to better exploit its potential. We are thus creating another key driver of growth and income to underpin the long-term development of our specialty line business."
Brief profile
Nationale Suisse is an innovative, international and independent Swiss insurance group providing first-rate risk and pension solutions in non-life and life business as well as a growing number of tailored specialty lines products. Consolidated gross premiums came to CHF 1.51 billion in 2012. The Group comprises the parent company and about 20 subsidiaries and branch offices for focused product lines in Switzerland, Italy, Spain, Germany, Belgium, Liechtenstein, Turkey, Asia and Latin America. The headquarters of Swiss National Insurance Company Ltd are in Basel. Nationale Suisse is listed on the SIX Swiss Exchange (NATN). On 30 June 2013, the Group employed 1 889 staff (full-time equivalents).
| Information | |
| Remo Meier | Nationale Suisse |
| Investor Relations | Steinengraben 41 |
| Phone +41 61 275 22 45 | 4003 Basel |
| Fax +41 61 275 22 21 | Switzerland |
| remo.meier@nationalesuisse.com: mailto:remo.meier@nationalesuisse.com | www.nationalesuisse.com/investor-relations: http://www.nationalesuisse.com/investor-relations |
| Christina Hartmann | Nationale Suisse |
| Media Relations | Steinengraben 41 |
| Phone +41 61 275 23 40 | 4003 Basel |
| Fax +41 61 275 22 21 | Switzerland |
| christina.hartmann@nationalesuisse.com: mailto:christina.hartmann@nationalesuisse.com | www.nationalesuisse.com/media-relations: http://www.nationalesuisse.com/media-relations |
| Key dates | |
| Publication of the annual report 2013 | 26.03.2014 |
| Media conference to announce financial results at Widder Hotel, Zurich | 26.03.2014 |
| Financial analysts' conference at Widder Hotel, Zurich | 26.03.2014 |
| Annual General Meeting, Basel | 19.05.2014 |
Disclaimer and exclusion of liability
The purpose of this press release is to inform the public about certain events or developments arising from the company's business. The information published in this article is not an advertisement, offer or recommendation to engage in transactions involving securities or other products of Nationale Suisse or any other type of transaction. This press release may contain certain forward-looking statements. Even if these forward-looking statements reflect the opinion and expectations of Nationale Suisse, a number of risks, uncertainties and other important factors may lead to actual developments and results differing strongly from the expectations of Nationale Suisse. It is pointed out expressly that the statements and projections contained in this press release are selective in nature. Nationale Suisse provides no guarantee, either explicitly or implicitly, regarding the accuracy and completeness of the statements and forecasts published in this press release. Neither Nationale Suisse nor its executive bodies or senior managers accept any liability for any damage or losses arising directly or indirectly from the use of this press release. Unless otherwise provided by applicable binding law Nationale Suisse is under no obligation to update or amend the statements contained in this press release, be it in response to new information, future events or any other reasons.
Updated post-publication information is available on our website www.nationalesuisse.com:
http://www.nationalesuisse.com/. You may find further details and forecasts about the business of Nationale Suisse there.
http://hugin.info/100296/R/1753370/591520.pdf
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Nationale Suisse via Globenewswire
