Swiss health insurers Sanitas, KPT unveil tie-up

Swiss health insurance companies Sanitas Krankenversicherung and KPT/CPT Holding AG announced yesterday an agreement to combine their operations.

The successor company, to be based in Zurich, will operate under the name SanitasKPT and will be 55%-owned by the former Sanitas shareholders. The remaining shares in the insurer will be held by KPT.

SanitasKPT will employ 1,200 and will have an estimated annual premium income of CHF3.4bn (USD3.1bn/EUR2.4bn), said Walter Bosch, the proposed chairman of the new company.

Country: ; Switzerland

Sector: Insurance

Type: Merger

Status: Agreed

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