Helvetia Insurance announces organisational overhaul and executive shifts to enhance international focus and innovation, effective July 2024.
Keystone/ENNIO LEANZA
Helvetia Insurance is set to undergo a significant restructuring of its organization starting July 1, 2024, to better align with recent developments and its expanding international presence. This strategic move was outlined in a recent press release where the Swiss insurer announced plans to streamline management and enhance the international dimension of its operations.
Under the new structure, Helvetia will consolidate its market units in Germany, Italy, and Austria into a single segment named GIAM (German, Italian, and Austrian Markets). Spain, which stands as Helvetia’s second-largest market, will now be represented as a separate segment and incorporated directly into the Group Management, highlighting its importance within the company’s portfolio.
Further restructuring includes the introduction of strengthened Group functions on the Executive Board. This includes enhanced roles for “Group Risk Management” and “Group Finance,” centralizing responsibility for investment management under “Group Asset Management,” and driving technological innovation and efficiency through “Group Technology.” Additionally, “Group Human Resources” will be established as a distinct function, reflecting its critical role in supporting the organization’s needs.
The reshuffle will also see the integration of four new members into the Group Executive Board. Juan Estallo, joining from Liberty Seguros Europe, will lead the new Spain segment; Thomas Neusiedler will simultaneously serve as the Head of GIAM and CEO of Helvetia Austria; Sandra Hürlimann will take on the role of Chief Technology Officer, and Esther Roman will oversee Group Human Resources, joining from Mibelle Group.
This reorganization coincides with the departure of several long-standing members of the Group Management, marking a generational shift within Helvetia. Roland Bentele and Markus Gemperle are set to retire by the end of the year, and Beat Müller will follow in April 2025. Achim Baumstark will transition to focus solely on his role as CTO for the Swiss market, stepping down from the Executive Board by the end of June 2024.
Helvetia’s CEO, Fabian Rupprecht, emphasized that these changes will not only enhance international representation within the Group Executive Management but also maintain local market and profit responsibility. The restructuring aims to position Helvetia for future growth, ensuring it remains competitive in the evolving insurance industry landscape.
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