On 22 April 2025 the Boards of Directors of Helvetia Holding Ltd (Helvetia) and Baloise Holding Ltd (Baloise), two leading Swiss composite insurance groups, proposed to form “Helvetia Baloise Holding Ltd” (Helvetia Baloise) by way of a merger of equals. With a business volume of about CHF 20 billion across eight countries and a global Specialty business, Helvetia Baloise will become the second largest insurance group in Switzerland and a leading European insurer.
The high degree of cultural and strategic alignment offers a unique opportunity for a seamless integration, strengthening the group for a new chapter of focused and yield-oriented growth. The merger is expected to generate run-rate pre-tax cost synergies of approximately CHF 350 million before policyholder participation, in addition to existing cost efficiency programmes, enhancing the distribution capacity and creating significant value for all its stakeholders.
