HAAKON is traditionally trading reinsurance products on a treaty and/or facility basis. However, for many years the company has been also instrumental in providing significant facultative capacity to the market.
Apart from Europe as our home market, we have been able to build up longstanding connections with a selective number of clients in Asia. Today, a significant part of our business emanates from Asia with the remaining mainly from Europe and the Middle East.
Today, HAAKON offers to its clients a complete line of reinsurance products on both a traditional and non-traditional basis in all classes of business with a full range of services. HAAKON is committed to provide clients with an outstanding service in all respects.
HAAKON’s professionals are skilled and experienced and our dedicated teams combine the latest technology, analytical skills and specialty expertise to create and deliver added value to our clients.
In Switzerland, the Group operates as a specialized financial services provider, offering a combination of insurance and banking services.
Baloise Group is a multiline insurer with leading market positions.
Its core markets are Switzerland, Germany, Belgium and Luxembourg.
Baloise Holding Ltd shares are quoted in the main segment of the SIX Swiss Exchange. The Baloise Group employs some 7,400 people and has a total annual business volume of some CHF 9,000 million with equity capital of CHF 5.9 billion and a solvency margin of 354%.
In the early eighties HAAKON was heavily involved in placing business from the U.S. market into continental Europe. However, already at that point in time close ties could be established in Asia and it is in this area the company’s business has substantially increased over the years, now making up a significant part of the overall business. Following our expanding connections in the Asian-Pacific rim, it was decided in 1992 to establish a Branch Office in Hong Kong in order to give a better service to our clients in the area.
In 2005 HAAKON (ASIA) – our wholly owned subsidiary – was formed in Labuan / Malaysia. As a consequence our Asian office was moved from Hong Kong to Kuala Lumpur.
Since beginning of the millennium HAAKON also expanded its activities in various countries of the Middle East where it was able to establish an additional foothold.
The company’s area of operation in Europe is mainly concentrated to Switzerland as our home market and surrounding countries.
|1971||Company was established in Zug, Switzerland on 12th May 1971, remained dormant until 1st September 1980 when the company started ist activities and moved domicile to Basel - Pfeffingerstrasse 41|
|1980||Haakon was launched in cooperation with C.E. Heath London|
|1989||Baloise takes over the shareholding from C.E. Heath & acquires 70% of Haakon Shares - accordingly becomes majority shareholder of Haakon|
|1992||Haakon expands into Asia and opens a representative office in Hong Kong|
|2001||Haakon representative office in Hong Kong becomes a branch office in 2001 and a member of the Hong Kong Confederation of Insurance Brokers (CIB)|
|2002||Haakon becomes an authorized Lloyd's Swiss broker of Switzerland & a Lloyd's Coverholder|
|2005||Dislocates it's Asian office from Hong Kong to Kuala Lumpur, Malaysia|
|2006||The company is registered with the Swiss Financial Market Authority (FINMA) in Berne - Register No 12089|
|2007||Haakon signed up a co-operation agreement with Simon Re Japan - previously known as TIP (Total Intelligence Provider) a fully licensed Reinsurance Broker in Japan to create new reinsurance solutions for specialty business emanating from Japan.|
|2014||Haakon firmed up a cooperation with Simon Re Korea, a fully licensed Reinsurance Broker in Korea|
|2017||Haakon Head Office moved to new office location in Basel at Elisabethenanlage 11 after having operated in the same office location at Pfeffingerstrasse 41 for 37 years.|
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