Zurich completed Beazley takeover as Beazley stock left LSE

Published on 10/14/2026 at 00:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Shareholders receive GBp 1,310.00 by October 15, 2026 under the deal. Beazley stock was last at GBp 1,308.50 on October 1, 2026.

Takeover status and settlement

Zurich completed a GBP 8.1 billion acquisition that brought Beazley into its specialty insurance business.
Shareholders are due GBp 1,310.00 per share by October 15, 2026.
Beazley stock was last at GBp 1,308.50 on October 1, 2026.
Zurich targets over USD 1 billion in annual revenue growth by 2029.

Fotorealistisches Bürofoto mit Londoner Skyline und Versicherungsarbeitsplatz — Fotorealistisches Büro mit Skyline zeigt Beazley plc (GB00BY9D0Y18) als Spezialversicherer im Finanzviertel London, Illustration mit AI erstellt.

Zurich completed its GBP 8.1 billion acquisition of Beazley on October 1, 2026, and Beazley stock left the London Stock Exchange on October 2, according to Insurance Journal. The cash scheme gives eligible shareholders GBp 1,310.00 per share, with payment expected on October 15, 2026.

Three steps to the deal

On March 2, 2026, Beazley and Zurich agreed on the recommended all-cash offer, according to Financial Times. The agreed consideration was GBp 1,310.00 per share.

On September 22, 2026, the High Court sanctioned the scheme, a step that preceded completion. The transaction then became effective on October 1, 2026, with shareholders entitled to GBp 1,310.00, according to Investegate.

What changes after the takeover

Zurich said on October 2, 2026, that Kristof Terryn would become CEO of Beazley and Zurich Global Specialty, subject to regulatory approval, while Adrian Cox would leave Beazley. The announcement also named Helen Pickford as CFO and said Barbara Plucnar Jensen would support integration as senior adviser until March 2027, according to Zurich Insurance.

The strategic case rests on scale rather than a new standalone Beazley earnings outlook. Zurich targets over USD 1 billion of incremental annual revenue growth by 2029, at least USD 150 million of combined annual cost savings and at least USD 1 billion of one-off capital extraction within the first two years. Those are targets, not reported Beazley results.

Bermuda Re reported on October 9, 2026, that Moody's expected limited integration disruption but identified higher leverage and more complex specialty risks as counter-factors. The assessment also cited a solvency target of at least 200 percent for Zurich and financial leverage below 27 percent.

Final LSE quote and settlement date

Beazley was last quoted at GBp 1,308.50 on the LSE on October 1, 2026, the final closing price shown for ticker BEZ.L. The consideration of GBp 1,310.00 therefore stood GBp 1.50 above that final quoted level, while settlement is scheduled for October 15, 2026.

Next events are settlement on October 15, 2026, and the planned end of Barbara Plucnar Jensen's senior-adviser period in March 2027.