Zurich makes £7.7bn bid for Beazley

Written by Adam Cadle

19/01/2026

Zurich has submitted an improved proposal to acquire 100% of Beazley for around £7.7bn.

Under the terms of this proposal, Beazley shareholders would be entitled to receive 1,280 pence in cash per Beazley share, up from 1,230 pence in cash per share in a prior approach on 4 January.

Zurich believes that its latest proposal provides Beazley shareholders with immediate and certain cash value for their investment at a level that exceeds what Beazley could achieve over a reasonable timeframe through the execution of its strategy (as set out at Beazley’s Capital Markets Day on 25 November 2025), and fully reflects Beazley’s fundamental value.

Zurich said the transaction “would create a global leader in specialty insurance with c.$15bn of gross written premiums, exceptional data availability and underwriting expertise, leading market and distribution capabilities and outstanding reinsurance and technology infrastructures.

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