London Gateway Port\u00a0Port of London Authority<\/p>\n
London-listed speciality insurer Beazley said on Wednesday shareholders approved Swiss group Zurich Insurance’s \u00a38.1 billion ($10.94 billion) all-cash takeover, with 99.9 per cent votes in favour at a meeting held earlier in the day.<\/p>\n
The acquisition, which follows a series of cyber-focussed investments by Zurich, will help the Swiss insurer significantly expand its foothold in speciality insurance, encompassing areas such as cyber, marine, aviation, space and fine art.<\/p>\n
Days after Zurich struck the deal with Beazley, it also agreed to buy Generali’s Irish PC operations for \u20ac337 million ($394.69 million).<\/p>\n
Last year, it acquired Canadian cyber insurtech Boxx Insurance, after backing the company in earlier funding rounds. In 2024, it had invested $60 million in California-based Cowbell.<\/p>\n
Earlier in March, Zurich raised CHF3.9 billion ($4.98 billion) in a share sale to help finance the Beazley acquisition, after the British insurer accepted an improved offer of up to 1,335p per share.<\/p>\n
The transaction remains subject to court sanction, which Beazley said it expects will take place during the second half of 2026.<\/p>\n
(Reporting by Aatrayee Chatterjee in Bengaluru; Editing by Diti Pujara)<\/p>\n","protected":false},"excerpt":{"rendered":"London Gateway Port\u00a0Port of London Authority London-listed speciality insurer Beazley said on Wednesday shareholders approved Swiss group Zurich…\n","protected":false},"author":2,"featured_media":3078,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[128],"tags":[1766,322,166,197,17,1106,219,249],"class_list":["post-54183","post","type-post","status-publish","format-standard","has-post-thumbnail","category-zurich-insurance","tag-acquisitions","tag-beazley","tag-business-news","tag-europe","tag-switzerland","tag-united-kingdom","tag-zurich-insurance","tag-zurich-insurance-group"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ch\/116453376210889228","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/54183","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=54183"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/54183\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/3078"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=54183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=54183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=54183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}