Insights
Zurich completes acquisition of Beazley plc
Posted 02/10/2026 – Insights
Zurich’s acquisition of Beazley was completed on 1st October. As a result of the takeover, the non-executive directors of Beazley have been replaced by representatives of Zurich. Beazley has now been delisted from the London Stock Exchange and shareholders have received their compensation. Kristof Terryn (Zurich) has been appointed as the CEO of Beazley and Zurich Global Specialty subject to regulatory approval and Adrian Cox will step down as CEO of Beazley. Helen Pickford will become the CFO of Beazley and Zurich Global Specialty and Barbara Plucnar Jensen will step down as Beazley’s CFO but will remain as a senior advisor until March 2027. Beazley’s current CUO Paul Bantick will remain in his position.
Alpha comment
This deal was reported back in March and after gaining regulatory approval, has finally completed at a price of $10.9bn. We wait to hear more from Beazley in the coming months to understand whether there will be any change to the structure of the syndicates going forward.
