Swiss insurer Baloise in April 2019 said it is acquiring the Belgian insurer Fidea for 480 million euros ($543 million) from China’s state-controlled Anbang Insurance Group to boost its position in the Belgian non-life and life insurance market. The acquisition of Antwerp-based Fidea means that Baloise will employ around 1,600 employees in Belgium. Baloise said the deal will increase its share of the non-life business in Belgium by 1.7