Zurich acquires Beazley in £8.1bn transaction

Zurich has completed the acquisition of Beazley, a insurance brokerage business in London, for $10.8bn. Zurich acquires Beazley to expand specialty insurance capabilities and strengthen its global specialty platform through a strategic acquisition. Beazley provides insurance brokerage and specialist underwriting services that complement Zurich’s reinsurance and specialty lines, supporting growth in key markets. This financial services M&A is structured as a merger acquisition and is an all-cash transaction agreed by both boards, with Zurich acquisitions positioning the combined group as a global leader in specialty insurance. The Beazley acquisition is announced and expected to close following customary approvals and deal conditions.