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flag Zurich completes £8.1B cash purchase of UK insurer Beazley, creating a global insurance leader with $15B in premiums.

flag Zurich Insurance has completed its £8.1 billion all-cash acquisition of U.K. insurer Beazley, paying £13.35 per share, a 59.8% premium over Beazley’s January 16 closing price. flag The deal, finalized ahead of the March 4 deadline, combines Zurich’s global scale with Beazley’s expertise in specialty lines like cyber, professional indemnity, and marine insurance, creating a leading global platform with around $15 billion in gross written premiums. flag Funded by $5 billion in new shares, $3 billion in cash, and $2.9 billion in debt, the acquisition strengthens Zurich’s position at Lloyd’s of London and is expected to deliver cost savings and revenue growth. flag The transaction, which removes Beazley from the FTSE 100, requires final regulatory approvals and is set to close in the second half of 2026.

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