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Shares of insurers Baloise and Helvetia rose slightly amid merger rumors, with Baloise up 1.7% to CHF 182.95 and Helvetia gaining 1.1% to CHF 180.20. Analysts view the speculation as intriguing but unlikely, noting investor dissatisfaction with Baloise's management strategy. Major shareholder Cevian may push for Baloise to divest its foreign and life insurance businesses to unlock capital for shareholders.
Raiffeisen has abruptly ended special employee conditions with Mobiliar, effective January 7, 2025, following dissatisfaction from Raiffeisen's leadership regarding the partnership's benefits. While Mobiliar will maintain existing terms for Raiffeisen employees until the next contract adjustment, Raiffeisen's conditions for Mobiliar staff will cease on January 1, 2026. The once-promising collaboration, initiated in 2021, has deteriorated into a standard sales cooperation, as customer interest in insurance solutions at bank branches was deemed insufficient.
Helvetia has unveiled its long-term strategy, "Unleash your Potential," aiming for enhanced operational efficiency and specific financial targets for 2025-2027, including a 13-16% return on equity and over CHF 1.2 billion in cumulative dividends. Key initiatives include integrating its Spanish units and focusing on customer relationships in retail, while expanding product offerings and leveraging technology in the global specialty business. The insurer aims to improve operating efficiency by over CHF 200 million and reduce its combined ratio by 2 percentage points by the end of the first three-year cycle.
In the latest "Asscompact Trends IV/2024" study, Allianz maintains its lead in occupational pension provision with 26.3% of broker mentions, followed by Alte Leipziger at 10% and Canada Life at 9.2%. In traditional life insurance, Allianz also tops the list with 30.7%, while WWK leads the Riester pension segment at 37.5%. Notably, in Rürup pensions, Alte Leipziger has risen to first place with 14%.
Helvetia is restructuring its sales organization, appointing Simon Weiner as the new Head of Sales Union Switzerland, effective early 2025. He will succeed Ralph Jeitziner, who is retiring on April 30, 2026, after 29 years in leadership roles within the company. Weiner, currently Head of Sales Region Central, will also join the Executive Board, focusing on consolidating sales channels for improved customer satisfaction.
Helvetia Holding AG
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