Beazley stock completes Zurich takeover at 1,310 pence

Published on 10/05/2026 at 20:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Beazley stock was last at GBp 1,308.50 before Zurich completed its GBP 8.1 billion takeover. Shareholders receive GBp 1,310 per share by October 15, 2026.

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

Beazley (ISIN GB00BYQ0JC66) stock was last at GBp 1,308.50 on the London Stock Exchange on October 1, 2026, 0.11 percent below its 52-week high of GBp 1,310. Zurich completed its GBP 8.1 billion acquisition that day, making the cash offer the decisive event for shareholders.

Zurich completes the takeover

According to Investegate on October 1, 2026, the court-sanctioned scheme became effective and entitled holders to GBp 1,310 for each share held at the September 30, 2026, record time. The offer price was 6.5 percent above Zurich's initial GBp 1,230 proposal reported in January.

Insurance Business reported on October 1, 2026, that Beazley shares were suspended and scheduled for delisting from the London Stock Exchange by 8:00 a.m. on October 2. The transaction therefore shifted the investor question from market valuation to the timing of cash settlement.

Listing ends after October 2

According to Investegate, Beazley's ordinary shares were cancelled from admission to trading on the London Stock Exchange effective October 2, 2026, at 8:00 a.m. The cancellation confirms that the October 1 close is the relevant final exchange price for the listed shares.

Before the cancellation, Beazley carried a market capitalization of GBP 7.7 billion as of October 1, 2026. Its 52-week range was GBp 750 to GBp 1,310, putting the final traded level 74.5 percent above the low and 0.11 percent below the high.

Insurance business moves into Zurich

Zurich said on October 2, 2026, that Beazley had become part of its Global Specialty operation, with London remaining the headquarters of the combined specialty insurance business. The release also named Kristof Terryn as CEO of Beazley and Zurich Global Specialty, subject to regulatory approval.

For the operating business, the deal changes ownership rather than ending underwriting activity. Beazley's syndicates and carriers continue writing specialty risks inside Zurich's group, while the combined platform is targeting USD 15 billion in specialty gross written premiums, according to Insurance Journal on October 1, 2026.

GBp 1,308.50 was the final close

Beazley stock closed at GBp 1,308.50 on the LSE on October 1, 2026. Shareholders are scheduled to receive the GBp 1,310 cash consideration by October 15, 2026.