Baloise and Helvetia merge to form insurance giant
04/22/25, 3:19 PM
Industry
insurance
financial services
Baloise and Helvetia have announced their merger, forming Helvetia Baloise Holding AG, the second-largest insurance company in Switzerland. This merger of equals aims to enhance efficiency and growth in the European insurance market, expecting annual synergies of around CHF 350 million. The combined entity will employ approximately 22,000 people across several countries, with some job cuts anticipated. Overall, the merger is set to significantly impact the insurance landscape in Switzerland.
Company Info
Company info
Baloise is a prominent insurance and financial services provider in Switzerland. It offers various insurance services, including property, casualty, and life insurance. Baloise aims to provide comprehensive financial solutions to its clients. The company has a strong regional presence and a commitment to customer satisfaction.