The shareholders of the Swiss insurers Helvetia Holding Ltd. and Baloise Holding Ltd. approved the merger to form Helvetia Baloise Holding Ltd., at their respective extraordinary general meetings.
Upon the closing of the merger, Helvetia Baloise will become the second-largest insurance group in Switzerland and one of the top 10 listed European insurers by market capitalization. The company will have a business volume of 20 billion Swiss francs (US$24.2 billion) and locations across eight countries as well as a global specialty business.
The two companies describe the deal, which is expected to close during the fourth quarter of 2025, as a “merger of equals.”
Thomas von Planta has been elected as future chairman of the Board of Directors of Helvetia Baloise Holding Ltd., together with all proposed further new members.
The registered office and headquarters of the group will be in Basel, with a major office maintained in St. Gallen.
Photograph: Helvetia Extraordinary General Meeting; photo credit: Helvetia
Related:
- Baloise Says Main Shareholder Patria Buys 9.35% Stake Ahead of Helvetia Merger
- Swiss Insurers Helvetia and Baloise to Merge to Create Top 10 Company
Topics Mergers & Acquisitions Carriers
Was this article valuable?
Here are more articles you may enjoy.
Brett Favre’s Defamation Suit Against State Auditor Can Move Forward, Court Says 
Complaints About Florida Insurers Have More Than Doubled in 5 Years, or Have They? 
State Farm VP Apologizes to Homeowner While Allstate Gets Grilled at Senate Hearing 
No NOAA Large-Disaster Data to Hurt Insurers’ Grasp of Secondary Perils, Says AM Best 
