Zurich Insurance falls following $5 billion share issue to finance Beazley PLC acquisition
03/03/2026 07:28
** Zurich Insurance's ZURN.S stock is seen down 3.3% in Julius Baer premarket trade after it raised 3.9 billion Swiss francs ($5 billion) to partly finance the acquisition of Beazley PLC BEZG.L ** It has placed 7.1 million new shares with a par value of 0.10 francs per share at 550 francs per new share, the company said ** Shares of Zurich Insurance stood at 575 Swiss francs per share at market close on Monday ** Zurich Insurance's stock falls to the bottom of Switzerland's blue-chip index .SSMI in Julius Baer premarket trade ($1 = 0.7813 Swiss francs) (Reporting by Tristan Veyet) ((Tristan.veyet@thomsonreuters.com))