Helvetia Holding AG (HELN.SW) on Thursday said Spain's Directorate-General for Insurance and Pension Funds has authorised the merger of Helvetia Seguros and Spanish insurer Caser, marking a key milestone in the integration process the group announced in December 2024.
The combined entity will serve more than 2.5 million customers in Spain and employ over 7,000 people, placing it among the top ten insurance groups in the Spanish market.
Following completion of the legal merger, Helvetia group said it will continue integrating the two insurers at operational and technological levels, and that both brands will coexist until 2027.
Broader product portfolio and enhanced digital services will be made available to customers and partners, as the group strengthens cross-selling across insurance and related services and introduces new solutions for segments such as customers over 50 and SMEs, the company said.
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