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Zurich and Beazley reach agreement on £8.1bn transaction
An agreement has now been reached for global insurer Zurich to acquire London-headquartered specialist insurer Beazley in an £8.1 billion (USD 10.8bn) all-cash transaction, bringing together “two highly complementary businesses to establish a global leader in Specialty insurance.”
The Boards of both companies have agreed the terms of a recommended all-cash offer by Zurich to purchase the entire issued and to be issued share capital of Beazley.
It was revealed last month that the two carriers had reached an agreement in principle on the key financial terms, after Zurich returned with an improved proposal of up to 1,335 pence per Beazley share, following Beazley rejecting numerous previous proposals from Zurich in 2025 and early 2026.
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