Helvetia and Baloise Merge to Form Major Swiss Insurance Giant

Helvetia Holding AG and Baloise Holding Ltd have disclosed plans for a merger, creating the second largest insurance group in Switzerland. This union will lead to the establishment of Helvetia Baloise Holding Ltd, expected to command a 20% market share in Switzerland and employ over 22,000 people.

The merger is forecast to generate approximately CHF 350 million in run-rate pre-tax cost synergies by 2028, significantly boosting the firm's distribution capabilities. A shared vision and cultural alignment are expected to ensure a smooth integration process.

The new entity will operate a business volume of CHF 20 billion across eight countries, highlighting its prominence in Europe. Approval of shareholders and regulatory bodies is pending, with completion anticipated by the end of 2025.