Baloise and Helvetia approve merger to form European insurance giant

The shareholders of Baloise Holding Ltd. and Helvetia Holding Ltd. have voted in favor of a merger of equals. This merger will create Helvetia Baloise Holding Ltd., which will become the second-largest insurance group in Switzerland and a major player in Europe. Thomas von Planta has been named the future Chairman of the Board of Directors.

The merger, scheduled for the fourth quarter of 2025, is based on a solid strategy and promises significant synergies. The group will have a turnover of 20 billion Swiss francs, operating in eight countries. The complementary nature of the two companies and their rich Swiss heritage are key assets for a successful integration.