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Beazley sets March 4 deadline for Zurich Insurance to finalise offer

Feb 16 - UK speciality insurer Beazley  BEZG.L on Monday said that Zurich Insurance ZURN.S now has until March 4 to either announce a firm offer to acquire the company or walk away.

Earlier in February, Beazley agreed to recommend a sweetened 8 billion pound ($10.91 billion) takeover by Zurich, if a firm offer was made.

($1 = 0.7331 pounds)

 (Reporting by Sri Hari N S in Bengaluru; Editing by Mrigank Dhaniwala)

 ((Srihari.ns@thomsonreuters.com))

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