The shareholders of the Swiss insurers Helvetia Holding Ltd. and Baloise Hol
ding Ltd. approved the
merger to form Helvetia Baloise Holding Ltd., at their respe
ctive extraordinary general meetings.
Upon the closing of th
e merger, Helvetia Baloise will become the second-largest insurance group
in Switzerland and one o
f the top 10 listed Europea
n insurers by market capitalization. The company will have a business volume
of 20 billion Swiss francs (US$24.2 billion) and locations across eight co
untries as well as a global specialty business.
The two companies de
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scribe the deal, which is expected to close during the fourth quarter of 2025, as
a “merger of equals.”
Thomas von Planta ha
s been elected as future chairman of the Board of Directors of Helvetia Balo
ise Holding Ltd., togeth
er with all proposed further new members.
The registered office and h
eadquarters of the group will be in Basel, with a major office maintained in St. Gallen.
Photograph: Helvetia Extraordinary General Meeting; photo credit: Helvetia