# Zurich acquisition of Beazley

> Live situation record from CLSTR: https://clstr.news/situations/zurich-acquisition-of-beazley
> Updated: 2026-10-18T01:09:51.000Z. Sources: 10. Developments: 3.

Zurich Insurance Group has completed its acquisition of Beazley Plc, a transaction valued at approximately £8.1 billion (roughly $10.9 billion). The merger establishes what Zurich describes as the “world’s largest specialty insurance business,” which will be headquartered in London.

Following the completion of the deal, Beazley shares were suspended from the London Stock Exchange, with shareholders set to receive 1,310 pence per share. As part of the transition, Kristof Terryn has been named CEO of Beazley and Zurich Global Specialty, while former Beazley CEO Adrian Cox will depart the company. Zurich CEO Mario Greco noted that the integration into the Global Specialty division is intended to “accelerate growth and provide new solutions to existing clients.”

In addition to the merger, Zurich is expanding its European footprint through new strategic partnerships. The company has entered a ten-year co-insurance agreement with Santalucía to distribute motor, life, and pet insurance products in Spain, with an expected operational rollout by 2027. Furthermore, Zurich is expanding its niche market presence in Germany through a partnership with eichels GmbH to offer ticket insurance for leisure athletes.

Zurich anticipates significant financial outcomes from the Beazley integration, including incremental annual revenue growth exceeding $1 billion by 2029 and at least $150 million in annual cost savings. The company has scheduled an Investor Day for November 17, 2026, to discuss integration strategy, capital allocation, and progress toward performance targets.

## Timeline

### 2026-10-18: Zurich Insurance completes Beazley acquisition and expands European partnerships

Zurich Insurance Group has finalized its £8.1 billion acquisition of Beazley and announced a new ten-year co-insurance partnership with Santalucía to expand its European specialty insurance footprint.

2 sources. https://clstr.news/cluster/zurich-insurance-completes-beazley-acquisition-and-expands-european-partnerships

### 2026-10-04: Zurich Insurance Group completes acquisition of Beazley Plc

Zurich Insurance Group has finalized its acquisition of Beazley Plc, forming the world’s largest specialty insurer with headquarters in London and targeting $1 billion in annual revenue growth by 2029.

4 sources. https://clstr.news/cluster/zurich-completes-109-billion-acquisition-of-beazley

### 2026-10-02: Zurich completes acquisition of Beazley to form largest specialty insurer

Zurich Insurance Group has completed its £8.1 billion acquisition of Beazley Plc, creating the world's largest specialty insurance business headquartered in London.

4 sources. https://clstr.news/cluster/zurich-completes-acquisition-of-beazley-to-form-largest-specialty-insurer

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Cite as: Zurich acquisition of Beazley. CLSTR, https://clstr.news/situations/zurich-acquisition-of-beazley