Swiss insurers Baloise, Helvetia explore merger, Bloomberg News reports

Helvetia Baloise Holding AG

18/03/2025 15:15

March 18 (Reuters) - Baloise BALN.S and Helvetia Holding AG HELN.S 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.

Shares of Helvetia were largely flat and those of Baloise were marginally higher after the report.

 (Reporting by Anusha Shah in Bengaluru; Editing by Leroy Leo)

 ((AnushaDevang.Shah@thomsonreuters.com;))