Published: February 4, 2026 at 8:17 am
Zurich Insurance Group has reached agreement in principle to buy Beazley plc.
Beazley ‘unanimously rejected’ a £7.7 billion takeover bid from fellow insurance giant Zurich – which is listed in Switzerland – last month following previous failed takeover attempts last year.
However Zurich has now been successful with an increased bid which values the FTSE 100 firm Beazley at £8bn.