{"id":54212,"date":"2026-04-23T10:21:07","date_gmt":"2026-04-23T10:21:07","guid":{"rendered":"https:\/\/www.europesays.com\/ch\/54212\/"},"modified":"2026-04-23T10:21:07","modified_gmt":"2026-04-23T10:21:07","slug":"beazley-shareholders-approve-zurichs-10-9-billion-cash-takeover","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ch\/54212\/","title":{"rendered":"Beazley Shareholders Approve Zurich\u2019s $10.9 Billion Cash Takeover"},"content":{"rendered":"

London-listed specialty insurer Beazley said on Wednesday shareholders approved Swiss group Zurich Insurance\u2019s 8.1 billion pound ($10.94 billion) all-cash takeover, with 99.9% votes in favor at a meeting held earlier in the day.<\/p>\n

The acquisition, which follows a series of cyber-focused investments by Zurich, will help the Swiss insurer significantly expand its foothold in specialty 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\u2019s Irish P&C operations for 337 million euros ($394.69 million).<\/p>\n

Last year, it acquired Canadian cyber insurtech Boxx Insurance<\/a>, after backing the company in earlier funding rounds. In 2024, it had invested<\/a> $60 million in California-based Cowbell.<\/p>\n

Earlier in March, Zurich raised 3.9 billion Swiss francs ($4.98 billion) in a share sale to help finance the Beazley acquisition<\/a>, after the British insurer accepted an improved offer of up to 1,335 pence 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

($1 = 0.7832 Swiss francs)<\/p>\n

($1 = 0.8538 euros)<\/p>\n

(Reporting by Aatrayee Chatterjee in Bengaluru; editing by Diti Pujara)<\/p>\n","protected":false},"excerpt":{"rendered":"London-listed specialty insurer Beazley said on Wednesday shareholders approved Swiss group Zurich Insurance\u2019s 8.1 billion pound ($10.94 billion)…\n","protected":false},"author":2,"featured_media":54213,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[128],"tags":[322,363,2802,219,249],"class_list":{"0":"post-54212","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-zurich-insurance","8":"tag-beazley","9":"tag-business-moves-mergers","10":"tag-specialty-insurance","11":"tag-zurich-insurance","12":"tag-zurich-insurance-group"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ch\/116453525743947023","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/54212","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=54212"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/54212\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/54213"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=54212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=54212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=54212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}