Helvetia Group Advances Merger Plans for Spanish Units

Helvetia Group's Board of Directors has approved a merger plan involving Caser, Helvetia Seguros, and Helvetia Holding Suizo. With Caser as the absorbing entity, the move aims to reinforce the group's position in Spain's insurance market, securing a Top 10 ranking. The approval by general meetings and regulatory bodies is still pending.

During its Capital Markets Day in December 2024, Helvetia highlighted strategic plans to merge Spanish operations. The merger seeks to exploit synergies and bolster customer offerings. Completion targets January 2026, with Helvetia holding over 85% in the new entity, while Unicaja and Ibercaja remain strategic partners.

The fusion creates a company serving 2.5 million customers with over 7,000 employees. CEO Juan Estallo sees this as an investment in stability and growth, enhancing competitiveness through innovation and economic strength.