Helvetia Takes Over Basler in Austria for EUR 130 Million

Published: May 16, 2014; 18:35 · (Vindobona)

Helvetia takes over Basler Versicherungen in Austria for EUR 130 million, thereby becoming one of the Top 10 Austrian insurance companies.

Helvetia Takes Over Basler for EUR 130 Million / Picture: © Flickr

The Helvetia Group is set to purchase Basler Versicherungen in Austria, a subsidiary of Baloise Group.

In 2013, the Vienna-based company generated a premium volume of EUR 135.3 million, of which non-life accounted for EUR 105.5 million and life for EUR 29.8 million.

Provided that the responsible regulatory authorities grant their approval, the transaction is to be…

This article includes a total of 339 words.

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