Zurich completes Beazley takeover as Beazley stock leaves LSE

Published on 10/19/2026 at 01:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The scheme became effective on October 1, 2026, with holders due GBp 1,310.00 per share under the deal. Beazley stock left the LSE on October 2, 2026.

Integration targets shape next phase

The Zurich scheme became effective on October 1, 2026, at GBp 1,310.00 per share.
Zurich targets more than USD 1 billion in annual incremental revenue by 2029.
Beazley shares were due to leave the LSE on October 2, 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 stock (ISIN GB00BYQ0JC66) entered its final corporate phase after Zurich completed the acquisition and set the cash consideration at GBp 1,310.00 per share. Zurich Insurance dated the completion announcement October 2, 2026, while the scheme had become effective on October 1, 2026.

Deal terms fix the value

The transaction removed the normal earnings and valuation debate from the listed equity. Under the scheme, holders were entitled to GBp 1,310.00 for each share held at the September 30, 2026 record time, according to Investegate. The same announcement set October 15, 2026 as the latest date for cheque dispatch and CREST settlement.

The legal timetable also changed the stock's market status. Beazley said dealings were expected to be suspended on October 1, 2026, with cancellation of the London Stock Exchange admission expected by October 2, 2026, according to Investegate.

What does integration mean?

Zurich's operating case is built on scale rather than a new standalone Beazley earnings cycle. Zurich Insurance said the integration is targeted to generate more than USD 1 billion of incremental annual revenue by 2029 and at least USD 150 million of combined annual cost savings.

Three dates define the transition

On October 1, 2026, the scheme became effective at GBp 1,310.00 per share. On October 2, 2026, Zurich announced completion and the expected LSE delisting. On October 15, 2026, the settlement timetable reached its latest stated payment date. Together, the dates mark a shift from public-market trading to ownership under Zurich.

Stock status after delisting

Beazley is a London-based specialty insurer whose business includes cyber, marine, property, political risk and reinsurance. The transaction leaves Zurich with Beazley's Lloyd's platform and places Kristof Terryn in the Beazley CEO role, subject to regulatory approval, while Adrian Cox leaves the company, according to Zurich Insurance.

The latest quoted Beazley market figure was GBp 1,308.50 on October 1, 2026, while the agreed consideration was GBp 1,310.00 per share. The spread was GBp 1.50, or 0.11 percent, below the deal value, before the listed trading venue closed for the transaction.