According to the April 22 statement, Helvetia Holding AG agreed to merge with Baloise Holding AG to form Switzerland's second-largest insurance group. The combined company will be named Helvetia Baloise, and its business volume is approximately CHF 20 billion, involving 8 countries. After the merger, the company will be headquartered in Basel, Switzerland, and Fabian Rupprecht of Helvetia will be CEO. The deal is expected to be completed in the fourth quarter of this year and is subject to approval by the shareholders of the two companies.

According to the April 22 statement, Helvetia Holding AG agreed to merge with Baloise Holding AG to form Switzerland's second-largest insurance group. The combined company will be named Helvetia Baloise, and its business volume is approximately CHF 20 billion, involving 8 countries. After the merger, the company will be headquartered in Basel, Switzerland, and Fabian Rupprecht of Helvetia will be CEO. The deal is expected to be completed in the fourth quarter of this year and is subject to approval by the shareholders of the two companies.