Swiss insurance giants Baloise and Helvetia have received crucial regulatory approvals for their planned merger, including the green light from the Swiss Competition Commission and the European Commission’s Foreign Subsidies Regulation (FSR) review. The deal is set to close on December 5, 2025, pending final regulatory authorizations.

The merger, first announced in April and approved by shareholders in May, will see Baloise shares delisted on December 5, with new Helvetia Baloise shares trading from December 8. The combined entity, named Helvetia Baloise Holding, will be the second-largest insurance group in Switzerland, with business volumes estimated at SFr20bn ($25.12bn).

With operations in eight countries and a global speciality business, Helvetia Baloise will have over 22,000 employees. The merger is expected to generate gross premiums of SFr8.6bn for the life business and SFr11.5bn for the non-life business. The executive board will feature CEO Fabian Rupprecht from Helvetia and deputy CEO Michael Müller from Baloise.

Read more at Yahoo Finance: Swiss insurers Baloise and Helvetia gain regulatory approvals for merger