India, April 22 -- The Swiss composite insurance groups Helvetia Holding Ltd. and Baloise Holding Ltd. (BLHEY.PK) Tuesday announced a proposal for merger of equals to form Helvetia Baloise Holding Ltd. The merger is expected to close in the fourth quarter of 2025.
The companies have agreed for a fixed share exchange ratio of 1.0119 Helvetia shares for each Baloise share. Total business volume is expected to increase to CHF 20,156 million.
The Group will be listed on the Swiss Exchange under the new name Helvetia Baloise Holding Ltd and will trade under the ticker symbol 'HBAN.'
The merger will create the second largest insurance group in Switzerland with around 20 percent market share and the largest insurance employer.
The proposed mer...