Zurich completes £8bn Beazley deal as CEO Cox exits
Zurich Insurance Group has completed the acquisition of Beazley, to create what it claims to be the world's largest specialty insurance business.
Zurich’s £8.1bn Beazley buy cleared all the necessary regulatory hurdles last month.
The all-cash transaction started with a series of bids – which first hit the headlines in January – that led to the duo revealing on 4 February they had reached an agreement in principle. The boards of the two insurers agreed the offer terms the following month.
In April, Beazley shareholders gave the green light for the sale to go ahead.
RelatedZurich and Beazley deal ‘not about laying off staff’ – CEO GrecoZuric
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