Beazley rejects 7.67 billion pound takeover offer from Zurich Insurance Group
UK insurer Beazley has rejected a takeover proposal from Zurich Insurance Group. The board stated the offer materially undervalues its standalone prospects.
Insights:
Beazley plc has rejected a 7.67-billion-pound takeover offer from Zurich Insurance Group AG on January 22, 2026. The board of the United Kingdom 
GBspeciality insurer determined that the proposal, valued at 1,280 pence per share, materially undervalues the firm. This latest rejection follows an earlier, higher proposal from Zurich Insurance Group AGin June 2025, which offered 1,315 pence per share and would have valued the equity of Beazley plcat approximately 8.4 billion pounds.
GBspeciality insurer determined that the proposal, valued at 1,280 pence per share, materially undervalues the firm. This latest rejection follows an earlier, higher proposal from Zurich Insurance Group AGin June 2025, which offered 1,315 pence per share and would have valued the equity of Beazley plcat approximately 8.4 billion pounds.
