Groupe Mutuel’s Acquisition of Swiss Risk & Care’s Non-Brokerage Pension Activities

Walder Wyss advised Groupe Mutuel in the context of this transaction.

With a view to broadening its range of occupational pension benefits, Groupe Mutuel has approached the insurance broker Swiss Risk & Care in order to acquire its non-brokerage pension activities. The two companies have now entered the final stage of the sale, which will be effective as of 1 May 2021, subject to the approval of the competent authorities.

More specifically, Groupe Mutuel will take over the activities of Swiss Risk & Care’s department of Actuarial Services/Advice/Pension Fund Management, as well as Opsion Sàrl and any related service agreements. In order to strengthen Groupe Mutuel’s expertise in terms of retirement benefits, a total of 25 employees will become part of the company while continuing to work from their current location in Vevey.

With this acquisition, Groupe Mutuel will be able to broaden its range of products and services in terms of occupational pension benefits in order to offer new services and an extensive range of solutions suited to each client profile.

Groupe Mutuel is the only comprehensive provider of personal insurance in Switzerland. The company has a leading position in private health insurance (No. 3 in Switzerland) and corporate health insurance (No. 5 in Switzerland). In this way, Groupe Mutuel is actively pursuing its growth and diversification strategy in order to become a reference partner in terms of health and retirement benefits’ services for private and corporate clients.

For Swiss Risk & Care, this sale is part of its strategy to concentrate its activities on its core business, i.e. insurance and pension brokerage, as well as HR services. As the leading broker in French- speaking Switzerland, Swiss Risk & Care will remain a partner for Opsion Sàrl.

Swiss Risk & Care is a leading broker in the French-speaking part of Switzerland in the fields of insurance, occupational pension benefits and human resources’ services. It positions itself as a solution architect for its clients, both companies and private individuals. It aims to deliver high value-added services in response to the challenges faced by decision-makers on a daily basis.

The team of Walder Wyss was led by Luc Defferrard (Picture) and comprised Grégoire Henriod, Etienne Trandafir, Aurélien Bill, Irène Suter-Sieber and Flora Palovics.

Involved fees earner: Aurélien Bill – Walder Wyss Ltd.; Luc Defferrard – Walder Wyss Ltd.; Grégoire Henriod – Walder Wyss Ltd.; Flora Palovics – Walder Wyss Ltd.; Irène Suter-Sieber – Walder Wyss Ltd.; Etienne Trandafir – Walder Wyss Ltd.;

Law Firms: Walder Wyss Ltd.;

Clients: Groupe Mutuel;

Author: Federica Tiefenthaler