Beazley Rejects Second Takeover Bid From Zurich Insurance Group as Undervaluing Speciality Business
UK insurer Beazley has rejected a 7.67 billion pound acquisition offer from Zurich Insurance Group. Its board stated the bid materially undervalues the company.
Insights:
Beazley plc has formally rejected a takeover proposal from Zurich Insurance Group AG valued at 7.67 billion pounds. On January 22, 2026, the United Kingdom 
GBbased speciality insurer announced that the offer of 1,280 pence per share materially undervalues the company and its future prospects. This latest move marks the second time the Swiss 
CHinsurance giant has been rebuffed, following a previous proposal made in June 2025. Zurich Insurance Group AG, which is Europe’s second-largest insurer by market value, declined to comment on the rejection.
GBbased speciality insurer announced that the offer of 1,280 pence per share materially undervalues the company and its future prospects. This latest move marks the second time the Swiss CHinsurance giant has been rebuffed, following a previous proposal made in June 2025. Zurich Insurance Group AG, which is Europe’s second-largest insurer by market value, declined to comment on the rejection.
