Helvetia and Baloise Shareholders Approve Merger
Deal News | May 23, 2025 | EIN
In a significant move within the European insurance sector, shareholders of Helvetia Holding Ltd. and Baloise Holding Ltd. have approved a merger to form Helvetia Baloise Holding Ltd. The approval was granted at extraordinary general meetings held by both companies. This strategic consolidation aims to create the second-largest insurance entity in Switzerland and one of the top 10 listed insurers across Europe by market capitalization. The newly formed company will command a business volume of 20 billion Swiss francs, equivalent to US$24.2 billion. Helvetia Baloise will operate across eight countries and will also have a global specialty business focus. The merger, described as a union of equals, is expected to be finalized in the fourth quarter of 2025. The headquarters of the newly formed company will be located in Basel, with a significant office in St. Gallen. Thomas von Planta has been appointed as the future chairman of the Board of Directors, alongside other board members.
Sectors
- Insurance
- Financial Services
Geography
- Switzerland – The article involves two Swiss companies and discusses the second-largest insurance group in Switzerland.
- Europe – The new entity, Helvetia Baloise, is set to become one of the top 10 listed insurers in Europe.
Industry
- Insurance – The article discusses a merger between two insurance companies to form a major new entity in the insurance sector.
- Financial Services – Both Helvetia and Baloise are financial service companies focused on providing a variety of insurance products and services.
Financials
- 20 billion Swiss francs – The business volume anticipated for the newly formed Helvetia Baloise.
- US$24.2 billion – Equivalent USD value of the business volume for the new Helvetia Baloise entity.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Helvetia Holding Ltd. | Target Company | Company | A Swiss insurance company involved in the merger to form Helvetia Baloise. |
| Baloise Holding Ltd. | Target Company | Company | A Swiss insurance company involved in the merger to form Helvetia Baloise. |
| Helvetia Baloise Holding Ltd. | Resulting Entity | Company | The new entity to be formed from the merger of Helvetia and Baloise. |
| Thomas von Planta | Chairman of the Board | Person | Elected as the future chairman of the Board of Directors of Helvetia Baloise Holding Ltd. |