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Newly created Swiss insurer Helvetia Baloise plans to cut up to 2,600 jobs in the coming years to boost profitability, a person familiar with the matter told Reuters on Tuesday.
Helvetia Holding AG (HLVTY) M&A Call Transcript
Helvetia Holding AG (OTCPK:HLVTY) Q2 2025 Earnings Call September 3, 2025 7:00 AM EDT Company Participants Peter Eliot - Head of Investor Relations Fabian Rupprecht - Group Chief Executive Officer Annelis Hammerli - Group Chief Financial Officer Conference Call Participants Simon Fossmeier - Bank Vontobel AG, Research Division Nasib Ahmed - UBS Investment Bank, Research Division Iain Pearce - BNP Paribas Exane, Research Division René Locher - ODDO BHF Corporate & Markets, Research Division Anne-Chantal Risold - Octavian AG, Research Division Michele Ballatore - Keefe, Bruyette, & Woods, Inc., Research Division Presentation Operator Ladies and gentlemen, welcome to the Helvetia Half Year Results 2025 Conference Call and Live Webcast. I am George, the Chorus Call operator.
Cevian Capital sold its 9.4% stake in Baloise to Patria Genossenschaft—which owns 34.1% of Helvetia—in an unconditional deal at an undisclosed price, Baloise said Friday.
Baloise on Friday said that Patria Genossenschaft had acquired a 9.45% stake in the Swiss insurer, which this week announced plans to merge with competitor Helvetia.
The insurers said the deal would be structured as a merger of equals with a combined market value of $22.38 billion.
Helvetia and Baloise said on Tuesday that they plan to merge, creating Switzerland's second-largest insurance group with a combined market share of about 20%.
Baloise and Helvetia Holding AG 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.