![\"Zurich](\"https:\/\/www.europesays.com\/ch\/wp-content\/uploads\/2026\/02\/21a4b296ea522a0e37dde8b7413ea62a.jpeg\")
Zurich Insurance has unveiled a proposal to buy London-listed rival Beazley in a deal worth \u00a37.7 billion. (Alamy\/PA) (Alamy\/PA) <\/p>\n Zurich Insurance has unveiled a proposal to buy London-listed rival Beazley in a deal worth \u00a37.7 billion. (Alamy\/PA) (Alamy\/PA) <\/p>\n
Swiss<\/a> insurance giant Zurich<\/a> has agreed to buy rival Beazley for \u00a38.1 billion after sweetening its bid for the takeover.<\/p>\n The companies said they had reached a deal that will create a global specialist insurance leader that\u2019s based in the UK.<\/p>\n Under the terms of the deal, Beazley shareholders have been offered \u00a313.35 per share, which it says represents a premium of around 59.8% to its closing price on January 16.<\/p>\n The deal means Beazley will be taken off the London<\/a> Stock Exchange, where it currently lists its shares on the UK\u2019s top index, the FTSE<\/a> 100.<\/p>\n The pair have been locked in takeover talks since the start of the year, with Beazley rejecting previous approaches from its peer.<\/p>\n It rebuffed a \u00a37.7 billion proposal, before agreeing to an \u00a38 billion deal in principle last month and then extending the deadline to make a formal offer to March 4.<\/p>\n The agreement reached on Monday is for a takeover worth about \u00a38.1 billion.<\/p>\n Zurich said the move will expand its market reach with a broader specialty product range and access to insurance marketplace Lloyd\u2019s, particularly to expand into higher-growth sectors like infrastructure and technology.<\/p>\n Beazley is a specialist insurer, with a burgeoning cyber cover offering, as well as cover across professional indemnity, property, marine, reinsurance, accident and life, and political risks and contingency business.<\/p>\n Zurich has more than 63,000 employees and has its headquarters in Switzerland.<\/p>\n Mario Greco, Zurich\u2019s chief executive, said: \u201cLeveraging Beazley\u2019s established Lloyd\u2019s platform, the combined specialty business will be headquartered in London and will be a powerful platform for long-term growth in specialty lines.<\/p>\n \u201cWe are committed to championing underwriting excellence, retaining key talent and maintaining the Beazley brand within the broader Zurich Group.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Zurich Insurance has unveiled a proposal to buy London-listed rival Beazley in a deal worth \u00a37.7 billion. (Alamy\/PA)…\n","protected":false},"author":2,"featured_media":4299,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[322,2072,51],"class_list":{"0":"post-28016","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-zurich","8":"tag-beazley","9":"tag-london-stock-exchange","10":"tag-zurich"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ch\/116198281244532388","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/28016","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=28016"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/28016\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/4299"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=28016"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=28016"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=28016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}