Nationale Suisse and Bank Coop end their partnership
Nationale Suisse and Bank Coop AG will terminate their sales cooperation by mutual agreement with effect from 31 December 2014. The reason for this is the merger of Nationale Suisse and Helvetia.
Bank Coop and Nationale Suisse started a joint sales cooperation on 1 January 2008 in order to consolidate their presence in the Swiss market and create added value for clients by combining banking and insurance products. Because of the merger of Nationale Suisse and Helvetia in October this year, cooperation will cease by mutual agreement as of 31 December 2014. Helvetia offers its financial services in collaboration with Raiffeisen, which is why the cooperation is not being continued.
The combined products launched jointly by Bank Coop and Nationale Suisse will be discontinued from 1 January 2015. Clients will be informed directly about changes to products and prices.
Nationale Suisse would like to thank Bank Coop for the partnership they have enjoyed over the past seven years.
Nationale Suisse is an innovative and international Swiss insurance group providing attractive risk and pension solutions in the non-life and life segments, as well as customized speciality lines products. Nationale Suisse has been part of the Helvetia Group since October 2014. The plan is to integrate Nationale Suisse fully into Helvetia. The consolidated gross premiums of Nationale Suisse came to CHF 1.5 billion in 2013. The head office of Swiss National Insurance Company Ltd is in Basel. The company's stock is listed on SIX Swiss Exchange (NATN). The stock will be delisted as part of the integration of Nationale Suisse into the Helvetia Group. On 30 June 2014, the Nationale Suisse Group employed 1,903 staff (full-time equivalents).
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. You may find further details and forecasts about the business of Nationale Suisse there.