Helvetia Insurance to acquire Helvetic Warranty.

Helvetia Insurance, a Swiss insurer, is acquiring Helvetic Warranty, which offers tailored insurance solutions for electronic and electrical devices as an intermediary between distribution partners and insurers. The takeover will see Helvetia strengthen its B2B2C business. Helvetic Warranty will continue to operate independently on the market. Financial terms were not disclosed. With the acquisition of Helvetic Warranty, we can further strengthen the distribution of insurance products via specialist retailers in the B2B2C business, just as is envisaged in our helvetia 20.20 strategy", said Adrian Kollegger, Head of Helvetia Non-life Switzerland.