Helvetia and Baloise to Merge, Forming a Swiss Insurance Giant

Report By Safarti Tarjuman Business Desk

In a transformative move for the European insurance industry, Swiss insurers Helvetia and Baloise have announced their decision to merge, creating a powerful new entity under the name Helvetia Baloise Holding.

The merger, structured as a merger of equals, will position the new group as Switzerland’s second-largest insurance provider and one of the top ten insurers in Europe, with a projected business volume of CHF 20 billion (USD 24.7 billion).

Strategic Merger Aims for Growth and Efficiency

The deal will deliver significant value to policyholders, shareholders, and employees by combining resources and enhancing market presence.

Key highlights of the merger include:

• Combined Annual Revenue: CHF 20 billion
• New Headquarters: Basel, Switzerland
• Expected Annual Synergies: CHF 350 million
• Combined Workforce: Over 22,000 employees
• Shareholder Vote Date: May 23, 2025

Post-merger, Helvetia shareholders will hold a 53% stake in the new company.

Workforce and Operational Impact

While no immediate job cuts have been confirmed, the companies anticipate that nearly two-thirds of the projected savings will result from workforce efficiencies. The merged entity has pledged to manage transitions responsibly and in close consultation with employees.

Industry Outlook

This landmark merger follows recent consolidation trends in Europe’s insurance sector, reflecting the need for scale, digital innovation, and stronger customer offerings.