Bloomberg News

Baloise Sees Break-Even in Croatia, Schweizer Versicherung Says

July 04, 2012

Baloise Holding AG (BALN) expects to break- even in Croatia this year, Schweizer Versicherung reported, citing an interview with Chief Executive Officer Martin Strobel.

“The outlook is very good,” Strobel told the Zurich-based magazine.

Baloise, Switzerland’s third-biggest insurer, was forced to cut the valuation of Osiguranje Zagreb in March, after acquiring the Croatian company in 2007.

To contact the reporter on this story: Carolyn Bandel in Zurich at cbandel@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net


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