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Swiss insurers Helvetia and Baloise plan to merge, creating Europe's second-largest insurance group.
Two Swiss insurance giants, Helvetia and Baloise, plan to merge, forming Switzerland's second-largest insurance group with a combined business volume of 20 billion Swiss francs.
The new entity, Helvetia Baloise Holding, is set to generate annual savings of around 350 million Swiss francs, mainly through workforce reductions.
The merger, expected to be finalized by the end of 2025, will create a major player in Europe's insurance market and is projected to increase dividend capacity by about 20 percent by 2029.
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Las aseguradoras suizas Helvetia y Baloise planean fusionarse, creando el segundo grupo de seguros más grande de Europa.