Baloise and Helvetia: Swiss Competition Commission clears Merger unconditionally

The Swiss Competition Commission has cleared the previously announced merger of Baloise Holding AG and Helvetia Holding AG, two leading Swiss composite insurance groups, unconditionally in Phase I.

With a business volume of around CHF 20 billion across eight countries and a global specialty business, the combined group will become the second largest Swiss insurance group and a leading European insurer.

Lenz & Staehelin advised and represented Baloise Holding AG in this transaction with regard to the merger control proceedings before the Swiss Competition Commission. The team was led by Marcel Meinhardt and included Sinem Süslü, Jannick Koller, Lorenz von Arx and Tim Voser (all Competition).