Shareholders of Helvetia Holding Ltd. and Baloise Holding Ltd. have given the green light for a merger that will create Helvetia Baloise Holding Ltd. This decision came during their extraordinary general meetings. Once finalized, the merger will position Helvetia Baloise as the second-largest insurance group in Switzerland and among the top ten listed insurers in Europe by market value.
The merger is set to close in the fourth quarter of 2025. Both companies have described this move as a “merger of equals,” indicating a balanced partnership rather than a takeover. The new entity will boast a business volume of 20 billion Swiss francs, which is approximately 24.2 billion US dollars. It will also have a presence in eight countries, along with a global specialty business.
Thomas von Planta has been named the future chairman of the Board of Directors for Helvetia Baloise. The company will have its registered office and headquarters in Basel, while maintaining a significant office in St. Gallen.
This merger marks a significant shift in the Swiss insurance landscape, combining the strengths of two established firms. As the industry evolves, this partnership aims to enhance their competitive edge and better serve their clients across various markets.