Zurich submits improved proposal to acquire 100% of specialist insurer Beazley
Reinsurance News • • general
Key Points:
- Zurich Insurance Group has raised its offer to acquire Beazley to 1,280 pence per share, a 56% premium over Beazley’s closing price on January 16, 2026, after the initial 1,230 pence offer was rejected by Beazley’s Board.
- The improved proposal values Beazley significantly above recent share price averages, analyst targets, and the company’s all-time high share price, prompting a 40% surge in Beazley’s share price following the announcement.
- Zurich aims to create a global specialty insurance leader through the acquisition, combining Beazley’s Lloyd’s market presence with Zurich’s global scale and expertise, and plans to fund the deal through cash,
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