# Belfius Insurance

Belfius Insurance is an Insurance based in Brussels, Belgium.

## Overview

- **Organization type:** Insurance
- **Headquarters:** Brussels, Belgium
- **Region:** Europe
- **Founded:** 2012
- **Assets under management:** 16200 (Altss estimate)
- **Website:** belfius.be
- **LinkedIn:** https://www.linkedin.com/company/belfius-insurance

## Regulatory record

- **Reports private funds:** No

## About

Belfius Insurance operates as a subsidiary of Belfius Bank & Insurance. The Belgian Federal State holds sole ownership through the Federal Holding and Investment Company. The entity was re-branded from Dexia Insurance Belgium in 2011. The insurer maintains a diversified portfolio that includes corporate bonds, residential mortgages, and direct property investments. Confirmed holdings include a majority stake in Sunparks De Haan NV through a joint venture with TINC and Home Invest Belgium. It also holds equity in Candriam at 33 percent and maintains a 5.2 percent stake in Kepler Cheuvreux. Geographic exposure centers on Belgium with additional positions in France. The firm employs no disclosed headcount figure. It maintains the Belfius Foundation established in 2005 for health and microcredit projects in Belgium. November 2024 attendance at the PwC Insurance Summit addressed climate and property insurance topics. Ownership by the Belgian Federal State creates a distinct governance structure that separates investment decisions from typical private insurer mandates.

## Sectors

- Insurance
- Real Estate

## People

- Marc Raisière — CEO of Belfius Bank

## Questions

### Who runs investment decisions at Belfius Insurance?

Marc Raisière serves as CEO of Belfius Bank and influences group investment strategy including the insurance subsidiary.

### Does Belfius Insurance participate in fund commitments or only direct deals?

The firm executes direct property investments and holds equity stakes in operating companies such as Candriam and Alan.

### Where does the underlying ownership of Belfius Insurance reside?

The Belgian Federal State is the sole shareholder through the Federal Holding and Investment Company.

### What asset classes appear in the disclosed portfolio?

Holdings include Belgian government bonds valued at $6.85B, mortgage loans at $3.92B, and direct real estate including social housing and commercial properties.

## Related profiles

- [A&G](https://altss.com/profile/a-g)
- [OYAK](https://altss.com/profile/oyak)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/belfius-insurance

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