Beazley shareholders back Zurich’s $10.94bn bid
Beazley investors have approved Zurich Insurance’s cash offer for the London-listed specialty insurer, backing the £8.1bn ($10.94bn) takeover by 99.9% at a shareholder meeting. The deal gives the Swiss insurer a larger presence in specialist lines including cyber, marine, aviation, space and fine art. It comes after a run of Zurich investments and acquisitions linked to cyber insurance. Soon after reaching an agreement on Beazley, Zurich also struck a deal to acquire Generali’s Irish property and casual ...