Swiss insurers Baloise and Helvetia gain regulatory approvals for merger
Swiss insurance giants Baloise and Helvetia have secured crucial regulatory approvals for their anticipated merger.
The approvals include the green light from the Swiss Competition Commission and the conclusion of the European Commission’s (EC) Foreign Subsidies Regulation (FSR) review.
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Following these approvals, the companies announced that the transaction will be closed on 5 December 2025, subject to obtaining all remaining regulatory authorisations.
The deal was first announced in April this year and received shareholder approval on 23 May 2025.
Both companies have been collaborating with regulators to obtain the remaining approvals, the joint press release said.
On 5 December 2025, Baloise’s shares will be traded for the final time before being delisted.
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By GlobalDataThe new Helvetia Baloise shares are expected to commence trading on 8 December 2025.
The combined entity will be named Helvetia Baloise Holding and headquartered in Basel, maintaining a presence in St. Gallen.
The merger is expected to position Helvetia Baloise as the second-largest insurance group in Switzerland, with business volumes reaching SFr20bn ($25.12bn), Swiss insurers noted at the time of the deal announcement.
With operations across roughly eight countries and a global speciality business, Helvetia Baloise will have a workforce exceeding 22,000 employees.
The combined gross premiums will amount to SFr8.6bn for the life business and SFr11.5bn for the non-life business.
The executive board of the merged company will feature CEO Fabian Rupprecht from Helvetia and deputy CEO and head of integration Michael Müller from Baloise.
Financial advisory roles are filled by J.P. Morgan Securities for Helvetia and Morgan Stanley International for Baloise, with UBS also providing financial counsel.
Walder Wyss for Helvetia and Lenz & Staehelin provided legal advice to Baloise on the transaction.
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