April 23, 2025|
AI
|8 months agoMajor Swiss Insurance Merger: Helvetia and Baloise Join Forces
Swiss insurers Helvetia and Baloise announce historic merger to create country's second-largest insurance group, promising CHF350 million in annual synergies.
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Generated IllustrationKey Takeaways
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- Helvetia and Baloise have announced a merger to form a new entity named 'Helvetia Baloise Holding Ltd'.
- The merged entity will become the second-largest insurance group in Switzerland.
- The new group will be the largest employer in the Swiss insurance sector.
- The combined business volume spans eight countries.
By The Numbers
20%
Combined Market Share
CHF 350 million
Annual Synergies
CHF 20 billion
Combined Business Volume
20%
Projected Dividend Capacity Increase
They Said
"The new company will be called Helvetia Baloise Holding Ltd."