New Group structure internationalises management and strengthens
collaboration

Helvetia Holding AG / Key word(s): Personnel/Strategic Company Decision
New Group structure internationalises management and strengthens
collaboration

16-May-2024 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.

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Ad hoc announcement pursuant to Art. 53 LR
St.Gallen, 16 May 2024

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:

  * Group Risk Management will be strengthened as a new Group function at
    Group level.

  * Group Finance is granted more competences for the financial steering of
    the Group.

  * Group Asset Management will manage all investments by means of
    centralised governance.

  * Group Technology focuses on developing forward-looking technology
    solutions, driving innovation and realising economies of scale across
    the Group.

  * Group Human Resources will become a separate function in the Group
    Executive Board to reflect the strategic importance of employee topics.

  * The previous Group Executive Board units of Group Corporate Centre and
    Group Actuary will be discontinued, and their functions reallocated.

"In recent years, Helvetia has transformed itself from a Swiss insurer into
a group with a strong international presence. The new Group structure now
enables us to better align Helvetia's management with this positive
development. The international markets will be better represented on the
Group Executive Board. At the same time, we are strengthening the group
functions, but retaining full local market and local earnings
responsibility", explains Fabian Rupprecht, Group CEO of Helvetia.

Juan Estallo, Thomas Neusiedler, Sandra Hürlimann and Esther Roman to join
the Group Executive Board
Helvetia's Group Executive Board will undergo various changes:

  * Juan Estallo will head the Spain segment. The Spanish citizen was
    previously CEO of Liberty Seguros Europe and will join Helvetia as of 1
    September 2024. Until then, Fabian Rupprecht will manage the new segment
    ad interim.

  * Austrian citizen Thomas Neusiedler will be the new head of the GIAM
    segment, which he will manage in addition to his role as CEO of Helvetia
    Austria. He will join the Group Executive Board as of 1 July 2024.

  * Sandra Hürlimann, previously Head of Analytics & Group Solutions at
    Helvetia Group and a Swiss-Hungarian dual citizen, will take over the
    role of Group CTO on 1 July 2024 and become a member of the Group
    Executive Board.

  * Esther Roman will become Head of Group Human Resources as of 16
    September 2024. A Spanish citizen, she previously worked as Group Head
    of Human Resources and Communications and a member of the Executive
    Board of Mibelle Group. Roland Bentele will head the unit until Esther
    Roman starts.

  * The Head of Group Risk Management has not yet been appointed.
    Information about these positions will be provided in due course. Peter
    Bamert, Group CRO, will head the unit ad interim.

Roland Bentele, Head Corporate Centre, and Markus Gemperle, CEO Europe,
decided some time ago to take early retirement at the end of the year.
Roland Bentele has been at Helvetia since 2014. Markus Gemperle has worked
for the company for a total of 36 years. Both will leave the Group Executive
Board on 30 June 2024 but stay with the company until the end of the year to
help manage the transition.

Beat Müller, Head Group Actuary, will also take early retirement on 1 April
2025. He has worked for Helvetia since 1990 and will step down from the
Group Executive Board on 30 June 2024. Nevertheless, he will continue to
provide support in various areas and committees until his retirement.

Achim Baumstark, Group CTO, who has been responsible for technology topics
for the Group and the Swiss market for the past four years has expressed the
desire to concentrate on the role of CTO Switzerland in the coming years. He
will therefore leave the Group Executive Board at the end of June 2024.

"Roland Bentele, Markus Gemperle, Achim Baumstark and Beat Müller have
played a key role in shaping Helvetia's development in recent years, thus
enabling the positive development of the company. The fact that they are
leaving the Group Executive Board also marks a generational change. I would
like to thank them in advance for their great commitment to Helvetia and
wish those who are retiring all the best for the next phase of their lives",
said Fabian Rupprecht, paying tribute to the departing members of the
Executive Board. He adds: "At the same time, I am delighted that Juan
Estallo, Thomas Neusiedler, Sandra Hürlimann and Esther Roman will be
joining the Group Executive Board. They all have the necessary expertise to
drive forward Helvetia's development in the coming years. Together, we will
now set the course for Helvetia's future as part of the strategy review that
has already been communicated. I look forward to working with them and wish
them every success in their new role. With the newly appointed Group
Executive Board members, Helvetia is also taking a further step in terms of
diversity in various respects."

Organisational chart of Helvetia Group, 1 July 2024

(IMAGE)

   Analysts Philipp Schüpbach Head of        Media Jonas Grossniklaus Head of
   Investor Relations Phone: +41 58          Corporate Communications Phone:
   280 59 23                                 +41 58 280 50 33
   (1)investor.relations@helvetia.ch         (1)media.relations@helvetia.ch
   1.                                        1.
   mailto:investor.relations@helvetia        mailto:media.relations@helvetia.c
   .ch                                       h

About the Helvetia Group
Helvetia Group, with its headquarters in St. Gallen, has grown since 1858 to
become a successful insurance group with over 13,800 employees and more than
7,2 million customers. It has been enabling its customers to seize
opportunities and minimise risks for all that time - Helvetia is there for
them when it matters. Helvetia is the best partner and is present everywhere
that protection needs arise, with insurance, pension and investment
solutions from a single source as well as simple products and processes. The
insurance group knows the business, from mobile phone insurance and
insurance cover for the Gotthard Base Tunnel to the long-term investment of
customer assets. Helvetia develops and opens up new business models with
enthusiasm and drives forward its own business in a powerful and
future-oriented manner. It acts with foresight and responsibility in
everything it does: for the benefit of its shareholders, customers and
employees as well as its partners, society and the environment.
Helvetia is the leading all-lines insurer in Switzerland. In the Europe
segment comprising Germany, Italy, Austria and Spain, the company has firmly
rooted market positions for generating above-average growth. In the
Specialty Markets segment, Helvetia offers tailored special insurance and
reinsurance cover worldwide. With a business volume of CHF 11.3 billion,
Helvetia generated underlying earnings of CHF 372.5 million and an IFRS net
income of CHF 301.3 million in the 2023 financial year. The shares of
Helvetia Holding AG are traded on SIX Swiss Exchange.

Cautionary note
This document was prepared by Helvetia Group and may not be copied, altered,
offered, sold or otherwise distributed to any other person by any recipient
without the consent of Helvetia Group. The German version of this document
is decisive and binding. Versions of the document in other languages are
made available purely for information purposes. Although all reasonable
effort has been made to ensure that the facts stated herein are correct and
the opinions contained herein are fair and reasonable, where any information
and statistics are quoted from any external source such information or
statistics should not be interpreted as having been adopted or endorsed as
accurate by Helvetia Group. Neither Helvetia Group nor any of its directors,
officers, employees and advisors nor any other person shall have any
liability whatsoever for loss howsoever arising, directly or indirectly,
from any use of this information. The facts and information contained in
this document are as up to date as is reasonably possible but may be subject
to revision in the future. Neither Helvetia Group nor any of its directors,
officers, employees or advisors nor any other person makes any
representation or warranty, express or implied, as to the accuracy or
completeness of the information contained in this document.
This document may contain projections or other forward-looking statements
related to Helvetia Group which by their very nature involve inherent risks
and uncertainties, both general and specific, and there is a risk that
predictions, forecasts, projections and other outcomes described or implied
in forward-looking statements will not be achieved. We caution you that a
number of important factors could cause results to differ materially from
the plans, objectives, expectations, estimates and intentions expressed in
such forward-looking statements. These factors include: (1) changes in
general economic conditions, in particular in the markets in which we
operate; (2) the performance of financial markets; (3) changes in interest
rates; (4) changes in currency exchange rates; (5) changes in laws and
regulations, including accounting policies or practices; (6) risks
associated with implementing our business strategies; (7) the frequency,
magnitude and general development of insured events; (8) mortality and
morbidity rates; (9) policy renewal and lapse rates as well as (10), the
realisation of economies of scale as well as synergies. We caution you that
the foregoing list of important factors is not exhaustive; when evaluating
forward-looking statements, you should carefully consider the foregoing
factors and other uncertainties. All forward-looking statements are based on
information available to Helvetia Group on the date of its publication and
Helvetia Group assumes no obligation to update such statements unless
otherwise required by applicable law.


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End of Inside Information

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   Language:       English
   Company:        Helvetia Holding AG
                   Dufourstrasse 40
                   9001 St.Gallen
                   Switzerland
   E-mail:         media.relations@helvetia.ch
   Internet:       www.helvetia.com
   ISIN:           CH0466642201
   Valor:          46664220
   Listed:         SIX Swiss Exchange
   EQS News ID:    1904383

End of Announcement EQS News Service
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1904383 16-May-2024 CET/CEST