New Group structure internationalises management and strengthens collaboration
- New Group structure internationalises management and strengthens collaboration
- Helvetia adjusts corporate structure for international orientation
- Group Executive Board undergoes changes with new appointments and retirements
Helvetia Holding AG / Key word(s): Personnel/Strategic Company Decision
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Helvetia is adjusting its corporate structure as of 1 July 2024 to strengthen the Group's international orientation. At the same time, there will be personnel changes on the Group Executive Board. On the basis of its own strengths, Helvetia is thus laying the foundation for continuing to create value for its customers, employees and shareholders.
Helvetia is adjusting its corporate structure to better accommodate its shift in recent years from a Swiss insurer to a group with a strong international presence. The new configuration will strengthen the company's international orientation, streamline its management and ensure customer proximity. Helvetia is thus taking the next strategic step in becoming an integrated international insurance group. The organisational changes will allow to better utilise the expertise found throughout the Group and thus continue to create additional value for its customers, employees, shareholders, and other stakeholders.
As of 1 July 2024, Helvetia's Group Executive Board will consist of the following segments:
- Spain will become a separate segment and be represented on the Group Executive Board, a change that reflects the importance of Helvetia's second largest market.
- The market units Germany, Italy and Austria form a separate segment under the name GIAM (German, Italian and Austrian Markets).
- Switzerland and Specialty Markets remain separate segments.
In addition, the following Group functions will be represented on the Group Executive Board: