Swiss insurer Helvetia to buy rival Nationale Suisse

Swiss insurer Helvetia to buy rival Nationale Suisse (from Reuters)

Helvetia is to buy rival Nationale Suisse in a deal worth 1.4 billion Swiss francs ($1.57 billion).  Helvetia, Switzerland’s third largest insurer by gross premiums, will offer 80 Swiss francs per Nationale Suisse share, representing a premium of 26 percent to Friday’s closing price, the insurer said on Monday… Read Source Article