The shareholders of the Swiss insurers Helvetia Holding Ltd. and Baloise Holding Ltd. approved the merger to form Helvetia Baloise Holding Ltd., at their respective extraordinary general meetings.

Upon the closing of the merger, Helvetia Baloise will become the second-largest insurance group in Switzerland and one of the top 10 listed European insurers by market capitalization. The company will have a business volume of 20 billion Swiss francs (US$24.2 billion) and locations across eight countries as well as a global specialty business.

The two companies describe the deal as a “merger of equals.”

Thomas von Planta has been elected as future chairman of the Board of Directors of Helvetia Baloise Holding Ltd., together with all proposed further new members.

The registered office and headquarters of the group will be in Basel, with a major office maintained in St. Gallen.

The transaction is expected to close during the fourth quarter of 2025, subject to customary regulatory and antitrust approvals.

Photograph: Helvetia Extraordinary General Meeting; photo credit: Helvetia

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Mergers & Acquisitions
Carriers