US EditionZurich Tables Higher Bid for Beazley as Shares Surge
Zurich’s £7.7 billion bid includes a 56% premium, aiming to create a global specialty insurer with $15 billion in gross written premiums.
- Zurich launched a �7.67 billion proposal to buy Beazley, offering �12.80 per share, with the move announced on January 19, 2026.
- Zurich said the deal would create a global specialty insurer with roughly $15 billion of gross written premiums, leveraging Beazley’s Lloyd’s of London presence, in its fifth approach since CEO Mario Greco took charge.
- Zurich said it will fund the deal through existing cash, new debt facilities and an equity placing, while Beazley Plc shares surged 42%, trading at 1,142 pence.
- Under UK Takeover Panel rules, Zurich Insurance Group AG has until Feb. 16 to decide, and Zurich said the offer reflected a 56 premium, aiming for a quick deal that would be accretive to its 2027 targets.
- Zurich said the offer provides immediate cash value to Beazley shareholders exceeding what they could likely achieve alone, while Beazley reported $5.2 billion of net premiums in 2024.
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21 Articles
The insurer Zurich wants to further expand its business in the field of special insurance. The head of the company Mario Greco wants to buy the British provider Beazley for this.
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The IndependentBeazley shares hit record high after £7.7bn takeover approach from Swiss rival
Zurich Insurance offering £12.80 a share, up from an earlier and previously undisclosed approach on January 4 for £12.30. Zurich Insurance has unveiled a proposal to buy London-listed rival Beazley in a deal worth around £7.7 billion. The Swiss insurer said it had tabled a potential offer of £12.80 a share, up from an earlier and previously undisclosed approach for £12.30 a share on January 4. Shares in Beazley soared to an all-time high after t…
The Swiss Group is increasing its offer, with which a market leader in special insurance would emerge in the event of success. Beazley's share is clearly growing.
Zurich Insurance raises bid for UK's Beazley to $10.3 billion, shares surge
Zurich Insurance raises its bid for UK-based Beazley to $10.3 billion, offering a 56% premium over the previous closing price. This move aims to establish a global specialty insurance platform, boosting Beazley's shares by over 40% in early trading.
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