The merger between Swiss insurance companies Helvetia and Baloise has been completed as planned, resulting in the formation of Helvetia Baloise Holding.

The move follows the announcement of the merger plan in April 2025 and the receipt of all required approvals from supervisory authorities.

With the merger finalised, Baloise’s registered shares were exchanged at a ratio of 1:1.0119 for 46,392,407 newly issued registered shares in Helvetia Baloise Holding. 

These new shares are scheduled to begin trading on 8 December 2025. The last trading day for former Baloise shares was 5 December 2025, and delisting will occur today (8 December).

Following the capital increase, Helvetia Baloise’s total number of shares has risen to 99,418,092.

The company’s shares are expected to be included in the Swiss Leader Index (SLI), starting on 22 December 2025.

The operational integration phase will now begin, focusing on combining business activities, harmonising internal processes and achieving synergies.

During the transition, customers will continue to use current channels. In markets where the companies operate, products and services will be gradually unified, with the aim of strengthening the business by leveraging combined customer relationships and expertise.

Helvetia Baloise Group CEO Fabian Rupprecht said: “The merger of Helvetia and Baloise is a historic moment and represents the start of our shared story. In the new structure, Helvetia Baloise is the largest multi-line insurer in Switzerland and has a leading position in Europe.

“These combined strengths, reliability and stability create the foundations for the sustained added value that we promise to all of our stakeholders.”

Several changes have taken place within the Board of Directors and management.

Hans Künzle and Regula Wallimann have departed the Helvetia Board. Maya Bundt, Karin Lenzlinger Diedenhofen and André Helfenstein, previously on the Baloise board, have also left.

At the group management level, Sandra Hürlimann, the new chief technology officer in Switzerland, and Thomas Neusiedler, the CEO in Austria, have stepped down from executive management and will assume new positions within the company.

Annelis Lüscher Hämmerli is set to depart from Helvetia Baloise at the end of April, following her nomination for election as chairwoman of Berner Kantonalbank.

Clemens Markstein, formerly a Baloise Corporate Executive Committee member, will assume a new position at Helvetia Baloise.

Carsten Stolz will exit the company at the end of 2025.