Helvetia Liechtenstein will operate under the name Helvetia Global Solutions (HGS) as of the end of March 2022. The new name illustrates the company's international orientation. HGS operates in the non-life business and offers customized special and reinsurance coverage in the fields of industrial property, engineering, space, aviation, marine and art. HGS also insures Europe-wide risks in the B2B2C business and in International Automotive Business. HGS is registered in Liechtenstein, which is why it can underwrite risks in the European Economic Area as part of FOS (freedom of service). HGS also has a US licence for underwriting specific Specialty Line risks.
Growing business areas
In recent years, the business areas Specialty Lines, the B2B2C business and International Automotive Business were among the growth drivers of the Helvetia Group. These business areas still offer good and sustainable growth opportunities and thus make an important contribution to the strategic priority "profitable growth" of the helvetia 20.25 strategy.
Unchanged 'A' rating with positive outlook
HGS still has an 'A' rating with positive outlook from S&P Global Ratings (S&P). This rating is based on the company's solid capitalization with solvency of over 200%, its long-standing management and its efficient administrative and organizational structure. S&P also considers HGS to be a strategically important company in the Helvetia Group.
Last year, the business volume of HGS amounted to EUR 427.8 million (basis: local GAAP). HGS reported strong premium growth, especially in the B2B2C business and FOS business, and also in the Engineering and Aviation Specialty Lines.