The new Helvetia

In order to complement organic growth, Helvetia Group pursues an active acquisition policy.

In the past financial year Helvetia was able to make two strategically important ­acquisitions:

On 15 May 2014, Helvetia Group announced the acquisition of Basler Versicherungs-Aktiengesellschaft in Austria, a subsidiary of Bâloise Group. The transaction was completed in August 2014. The acquisition expands our volume in Austria by more than 50 %, and, with a premium volume of approximately EUR 400 million, puts Helvetia in the top 10 insurance companies.

Helvetia is extending its advisory network both in the strong exclusive sales network and in agency and broker sales. The merger of central services allows additional professionalisation, greater efficiency and thus the realisation of ­synergy effects.

The combination of two companies that have a very similar corporate culture and understanding of business is a special opportunity to expand Helvetia´s market presence in Austria. On the completion of the acquisition, the Executive Board team was also reorganised. It now consists of members from both companies thus giving it the best start for integration on an equal footing. The integration is going according to plan. The two local companies are to be merged during the first half of 2015.

A landmark decision was reached in July 2014: On 7 July 2014, Helvetia and Nationale Suisse announced that they had agreed to form a new insurance group together. To this end, Helvetia made the shareholders of Nationale Suisse a combined cash and share offer of CHF 80.00 per Nationale Suisse share. The transaction was very positively received by the capital market.

The “new Helvetia” from the merger will generate a premium volume of around CHF 9 billion and have a profit potential of more than CHF 500 million. Thanks its strong top 3 position in the home market, attractive positions in the European core markets as well as the “Specialty ­Markets”, the new Group has combined the strengths of both companies and created the best conditions for continued healthy performance.

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