Zurich Insurance Group’s offer to buy Beazley plc

Zurich Insurance Group has reported its intention to buy Beazley plc. The offer, which is valid until 16^th February, is for Zurich to acquire 100% of Beazley shares at a price of £12.80 per share. The formal offer is an improvement from Zurich’s undisclosed offer which was rejected by Beazley on Friday for £12.30 per share. Zurich said, ‘its proposal provides Beazley shareholders immediate and certain cash value for their investment at a level that exceeds what Beazley could achieve over a reasonable timeframe through the execution of its strategy (as set out at Beazley’s Capital Markets Day on 25 November 2025), and fully reflects Beazley’s fundamental value.’