Helvetia and Baloise plan to merge to create Switzerland's second-largest insurance group with a combined business volume of 20 billion Swiss francs ($24.69 billion), the pair said on Tuesday.

Baloise, a European company founded more than 160 years ago, currently employs 8,000 people at its headquarters in Basel (Switzerland) and across its subsidiaries in Belgium, Germany and Luxembourg.

Helvetia Holding AG agreed to combine with Baloise Holding AG to form Switzerland’s second-largest insurance group, marking one of the biggest deals in European finance this year and the biggest ...

Helvetia and Baloise said they are joining forces to create Switzerland’s second-largest insurer, with a combined market value of 18.1 billion Swiss francs ($22.38 billion), in the latest of a ...

Baloise, a European company founded more than 160 years ago, currently employs 8,000 people at its headquarters in Basel (Switzerland) and across its subsidiaries in Belgium, Germany and Luxembourg.

The insurers said the deal would be structured as a merger of equals with a combined market value of $22.38 billion.

Helvetia Baloise will become the second-largest insurance group in Switzerland with business volumes of SFr20bn upon deal completion, the joint release stated. It will operate in around eight ...

Helvetia Holding AG’s biggest shareholder has bought Cevian’s 9.4% stake in Baloise Holding AG, paving the way for the merger of the two Swiss insurers.

Helvetia HELN0.61%increase; green up pointing triangle Holding and Baloise BALN 1.64%increase; green up pointing triangle Holding said they plan to merge to create Switzerland’s second-largest ...

BERLIN (Reuters) -Helvetia and Baloise plan to merge into what would be Switzerland's second-largest insurance group with a combined market share of about 20%, the firms said on Tuesday. The merger is ...