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Swiss insurers Baloise, Helvetia explore merger, Bloomberg News reports

Swiss insurers Baloise, Helvetia explore merger, Bloomberg News reports

Reuters18-03-2025
March 18 (Reuters) - Baloise (BALN.S), opens new tab and Helvetia Holding AG (HELN.S), opens new tab are exploring a potential merger that could create one of Switzerland's largest insurers, Bloomberg News reported on Tuesday, citing people familiar with the matter.
The companies have held on-and-off discussions in recent months about a potential tie-up but there is no certainty the deliberations will lead to a deal, the report added.
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Shares of Helvetia were largely flat and those of Baloise were marginally higher after the report.
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