Helvetia to merge with Baloise.

Helvetia, an international insurance group, agreed to merge with Baloise, a Swiss insurance company. Financial terms were not disclosed. “The complementary strengths of the two companies make Helvetia Baloise a relevant insurance and finance partner with Swiss roots and a strong market presence in Europe. The merger adds gravity in our markets and unlocks a new era and opportunities to deliver focused, yield-oriented growth to our shareholders. This is a unique chance to consolidate our position as a leading European insurance and financial services provider,” Michael Müller, Baloise CEO.