Baloise and Helvetia to Form Major Swiss Insurance Group

Baloise and Helvetia announced a merger to create Helvetia Baloise Holding Ltd, forming the second-largest insurance group in Switzerland. This merger of equals aims to achieve a market share of approximately 20% in Switzerland and enhance European presence. The merger is set to generate CHF 350 million in pre-tax cost synergies and increase dividend capacity by 20% by 2029.

The new entity will be listed on the SIX Swiss Exchange under the ticker “HBAN.” Leadership will consist of executives from both companies, with Thomas von Planta as Chairman and Fabian Rupprecht as CEO. The merger is expected to close by late 2025, pending regulatory approvals.

Helvetia Baloise is committed to integrating sustainably, leveraging shared cultural and strategic values. The merger is projected to strengthen its competitive edge and enhance value delivery for all stakeholders.