UK's Beazley hits record high on agreeing to Zurich Insurance's takeover proposal

Zurich Insurance AG

04/02/2026 08:18

** Shares in Beazley BEZG.L rises 9% to a record of 1,265p

** British insurer agrees to terms of a sweetened 8 bln pound ($10.97 bln) takeover proposal from Swiss firm Zurich Insurance ZURN.S

** BEZG shareholders will receive 1,310p apiece in cash, plus permitted dividends of up to 25p

** Proposal price at 59.8% premium to BEZG's close on January 16, last business day prior to offer period

** ZURN up 1.6% on the day

** BEZG up around 40% so far this year

(Reporting by Prerna Bedi in Bengaluru)

((Prerna.Bedi@thomsonreuters.com ; +91 98052 24616))