Insurance Zurich raises Beazley offer and reaches agreement with Board of Directors
The Zurich Group has taken a major step forward in its planned takeover of the British specialty insurer Beazley. It is raising the price again and is receiving support from the British company's Board of Directors.
04.02.2026, 08:49
SDA
Zurich and the Board of Directors of Beazley have agreed in principle on the financial terms of a potential purchase offer to Beazley shareholders, according to a press release issued on Wednesday.
Zurich is now offering a total of 1335 British pence per Beazley share. This price is made up of a cash offer of 1310 pence and a Beazley dividend. This offer values Beazley Insurance at around 8.0 billion pounds, it added.
Beazley's Board of Directors had recently expressed criticism of Zurich's advances and rejected the offer as too low. In mid-January, Zurich had offered a price of 1280 pence per Beazley share.
Zurich intends to expand its global specialty insurance business with Beazley. Together, the two groups would achieve a premium volume of around 15 billion US dollars in specialty insurance. This area of Zurich's business alone last generated premium income of around 9 billion dollars in 2024.
