Latest news with #HelvetiaHoldingAG
Bloomberg
5 days ago
- Business
- Bloomberg
Helvetia, Baloise Said To Tap McKinsey For Merger Help
By and Paula Doenecke Save Helvetia Holding AG and Baloise Holding AG hired strategy consultant McKinsey for advice on Europe's biggest insurance deal this year, according to people familiar with the matter. McKinsey is set to earn tens of millions of Swiss francs from the multi-year project which is one of the largest consulting contracts currently in Switzerland, the people said, asking not to be identified, because the mandate hasn't been publicly announced.
Reuters
18-03-2025
- Business
- Reuters
Swiss insurers Baloise, Helvetia explore merger, Bloomberg News reports
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. Get a look at the day ahead in U.S. and global markets with the Morning Bid U.S. newsletter. Sign up here. Shares of Helvetia were largely flat and those of Baloise were marginally higher after the report.
