Zurich completes Beazley takeover as Beazley stock exits the market

Published on 10/01/2026 at 12:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Shareholders receive GBp 1,310 per share on October 1, 2026. Beazley stock leaves the FTSE 100 as nine directors exit and five join.

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 GB00BY9D0Y18) is exiting public trading after Zurich completed its cash takeover on October 1, 2026, according to Insurance Business. Shareholders are entitled to GBp 1,310 per share, and settlement is due by October 15, 2026.

Cash deal closes at GBp 1,310

The completed transaction values the acquisition at GBP 8.1 billion. The final cash consideration rose from the revised GBp 1,280 offer to GBp 1,310, a 2.34 percent increase based on the two disclosed offer prices.

The consideration also stands 59.76 percent above Beazley's GBp 820 closing price on January 16, 2026, calculated from the figures reported by Insurance Business. The deal therefore converts a listed insurance investment into a cash settlement for scheme shareholders.

Listing and board change

Beazley shares were scheduled for suspension by 7:30 a.m. London time on October 1, 2026, with cancellation of the London Stock Exchange listing expected by 8:00 a.m. on October 2, 2026, according to Investegate.

The board is changing at the same time. Nine Beazley directors stepped down, while five Zurich-nominated directors were appointed, according to the October 1 announcement carried by Insurance Business. Patrick Manley, Earl Randall Clouser, Helen Pickford, Kristof Terryn and Claudia Cordioli joined the board.

FTSE 100 exit completes

FTSE Russell scheduled Beazley's deletion from the FTSE 100, FTSE 350 and FTSE All-Share indexes from the start of trading on October 1, 2026, according to Investegate. The index change reflects the takeover becoming effective and removes Beazley from the main UK equity benchmarks.

Public market chapter ends

Beazley had a market capitalization of GBP 7.7 billion on October 1, 2026, while its London-listed 52-week range was GBp 750.00 to GBp 1,310.00. The transaction now shifts the company from public-market valuation to ownership within Zurich's insurance group, with shareholder settlement forming the next concrete step.