US EditionZurich Tables Higher Bid for Beazley as Shares Surge
Zurich's £7.7 billion bid for Beazley aims to create a global specialty insurance leader with $15 billion in premiums, offering shareholders a 56% premium, the company said.
- On January 16, 2026, Zurich launched a 7.67 billion proposal to buy Beazley, offering 12.80 per share, up from an earlier approach on January 4.
- Combining two specialty platforms, Zurich argues the deal would create a global specialty leader with roughly $15 billion gross written premiums and is its biggest bid since Mario Greco became CEO in 2016.
- Zurich said it will fund the deal through existing cash, new debt facilities and an equity placing, while Beazley Plc shares surged 42% to 1,142 pence in afternoon trading.
- Under UK Takeover Panel rules, Zurich Insurance Group AG must decide by Feb. 16, and the company said the premium and timing reflect its desire to proceed quickly.
- Zurich said the offer provides immediate cash value to Beazley shareholders that likely exceeds what they could achieve alone, while Beazley reported $5.2 billion of net premiums in 2024 and $2.6 billion in H1 2025.
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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.
Beazley 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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