Zurich Insurance Group completes acquisition of Beazley

Zurich Insurance Group has finalized its acquisition of London-based specialty insurer Beazley in a transaction valued at 8.1 billion GBP (10.7 billion USD).

As part of the deal, Beazley will become part of Zurich’s Global Specialty business, significantly strengthening the group’s position in the global specialty insurance market.

Beazley CEO Adrian Cox will leave the company following the completion of the acquisition.

The integration will also bring three new appointments across Beazley and Zurich Global Specialty:

• Helen Pickford: Chief Financial Officer (CFO)
• Sally Henderson: Chief People and Sustainability Officer
• Ed Bridge: General Counsel