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Helvetia Exits German Insurance Market Amidst Industry Challenges
Helvetia, a Swiss insurer present in Germany since 1862, is selling its German subsidiaries (Helvetia Versicherung, Helvetia Lebensversicherung) and a branch office, employing 800 people, due to low profitability and pressure from shareholders; competitor Baloise also considers withdrawing.
Helvetia Exits German Insurance Market Amidst Industry Challenges
Helvetia, a Swiss insurer present in Germany since 1862, is selling its German subsidiaries (Helvetia Versicherung, Helvetia Lebensversicherung) and a branch office, employing 800 people, due to low profitability and pressure from shareholders; competitor Baloise also considers withdrawing.
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