Helvetia and Baloise Announce Merger to Form Switzerland's Second Largest Insurer

Swiss insurance groups Helvetia and Baloise have announced plans to merge, creating the second-largest insurance group in Switzerland under the proposed name Helvetia Baloise Holding Ltd. The merger will result in a combined market share of about 20% and a business volume of CHF 20 billion across eight countries. The union aims for strategic alignment and significant growth potential through streamlined integration, with expected pre-tax cost synergies of CHF 350 million. The merger will result in a diverse board representation and key group executive appointments from both entities. The joint entity will be headquartered in Basel, with current headquarters in St. Gallen remaining significant. The merger, anticipated to be finalized by Q4 2025, is pending shareholder and regulatory approval. The transaction promises enhanced competitiveness and stakeholder value, receiving backing from Helvetia's anchor shareholder Patria Genossenschaft.