Helvetia Takes Over Basler in Austria for EUR 130 Million

Professional ServicesInsurance ♦ 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: © Vindobona.org

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…