Zurich Insurance raises $5.0 billion to partly finance acquisition of Beazley PLC
03/03/2026 06:07
March 3 (Reuters) - Zurich Insurance ZURN.S said on Tuesday it has 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, it said in a statement, which will increase its share capital from 14.6 million francs to 15.3 million. ($1 = 0.7809 Swiss francs) (Reporting by Linda Pasquini; Editing by Christopher Cushing) ((linda.pasquini@thomsonreuters.com; +48 58 7785261;))