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FOR IMMEDIATE RELEASE
LONDON - APRIL 23, 2025 12:56 PM (EDT)
AM Best has placed under review with developing implications the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” (Excellent) of Helvetia Schweizerische Versicherungsgesellschaft AG (Switzerland), the main operating subsidiary of Helvetia Holding AG (Helvetia) (Switzerland).
The action on these Credit Ratings (ratings) follows the announcement on April 22, 2025, that Helvetia intends to merge with Baloise Holding AG. The transaction is subject to approval from both companies' shareholders, and subsequently, the applicable regulatory authorities.
The ratings are expected to remain under review until the transaction is completed, which is expected to occur in fourth-quarter 2025, and AM Best has assessed its impact on Helvetia's credit rating fundamentals.
This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.
AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City.