LSE:BEZ 15 February 2026 - 23 June 2026

Beazley trades close to Zurich’s £8.1 billion offer with EU review ongoing

Beazley trades close to Zurich’s £8.1 billion offer with EU review ongoing

Beazley shares were flat in London on Wednesday afternoon after the European Commission listed Zurich Insurance’s planned buyout for simplified merger review, and Zurich reported more share buys. The stock traded flat at 1,284.5 pence as of 1350 BST. Zurich’s leftover cash offer stands at 1,310 pence per share, accounting for Beazley’s 25-pence dividend with a payment date of May 1. That leaves a 25.5-pence spread, or deal spread, representing expected return if the deal goes through as set. This was about 2%.
June 24, 2026
Beazley stock sticks close to Zurich offer as Australian regulator clears deal

Beazley Stock Holds Near Zurich Bid as Buyer Raises Stake to 5.6%

Beazley shares were unchanged at 1,284.5 pence in Tuesday morning trading after Zurich Insurance Group disclosed it bought another 346,122 shares in the specialist insurer on Monday. Zurich paid between 1,284p and 1,285p, spending about £4.45 million and lifting its holding to 33.72 million shares, or 5.60%, from 5.54%. The tight move suggests the takeover timetable, rather than day-to-day underwriting news, is setting the price. Beazley sits 25.5p below the 1,310p cash payment still due under Zurich’s £8.1 billion offer, a gross deal spread of roughly 2%.
June 23, 2026
Beazley stock sticks close to Zurich offer as Australian regulator clears deal

Beazley stock sticks close to Zurich offer as Australian regulator clears deal

Beazley shares traded just under Zurich Insurance’s planned takeover price on Friday, after Australian regulators approved the deal. The move is a small advance for one of London’s biggest insurance deals still in play. The stock stood at 1,284.5 pence at 10:00 BST, down 0.5 pence from Thursday’s close. The 25.5-pence gap to the 1,310-pence cash offer left for investors works out to about 2% before allowing for trading costs, taxes or time value. This difference, known as the merger-arb spread, is the gap between the stock and the agreed payout. It’s a tight spread, showing traders mostly expect the deal to close, with some risk priced in. Zurich’s full proposal had been 1,335 pence, including a dividend that has
June 19, 2026
Beazley Shares Stay Under Zurich Offer With Investors Eyeing Court Ruling

Beazley steady at 1,284p after Zurich lifts stake to 5.35%

Beazley shares didn’t move much in London trade Thursday. Zurich Insurance Group picked up more stock, lifting its stake in the insurer to 5.35%. The stock last traded up 0.04% at 1,284p after opening at 1,283.5p. Zurich reported in a new filing that it bought 440,459 shares on June 17, paying between 1,283.5p and 1,284.5p.
June 18, 2026
Beazley Shares Hover Below Zurich Cash Offer as EU Review Becomes Key Test

Beazley shares hover below Zurich cash offer as EU review becomes key stock catalyst

London, June 16, 2026, 09:34. Beazley Plc shares barely moved in early London trading on Tuesday, a sign that investors are still treating the FTSE 100 insurer as a deal stock rather than a pure earnings story. The shares were quoted at 1,284p, up 0.50p, or 0.04%, after trading in a narrow range between 1,283.5p and 1,285.5p. That calm price action matters. Zurich’s agreed deal leaves Beazley shareholders due 1,310p in cash, while the headline 1,335p value also included a 25p dividend that went ex-dividend on March 19 and was payable on May 1.
June 16, 2026
Beazley Shares Hover Below Zurich Cash Offer as EU Review Becomes Key Test

Beazley Shares Hover Below Zurich Cash Offer as EU Review Becomes Key Test

Beazley Plc shares were steady in London trading on Monday, holding near the Zurich Insurance takeover price as investors shifted their attention from shareholder approval to regulatory timing. The stock was quoted at 1,283p at 14:05 BST on Google Finance, unchanged on the session, while Hargreaves Lansdown showed a 1,283p sell price and 1,283.5p buy price with the FTSE 100 slightly higher. The immediate news is not Beazley’s underwriting performance, but the takeover timetable. Insurance Business reported that Zurich formally notified the European Commission on June 11, starting a Phase I review — the first stage of an EU competition assessment — for its planned acquisition of the London-listed specialty insurer. The European Commission’s own merger update page lists ZURICH
June 15, 2026
Beazley Shares Stay Under Zurich Offer With Investors Eyeing Court Ruling

Beazley Shares Stay Under Zurich Offer With Investors Eyeing Court Ruling

London, June 13, 2026, 19:04. Beazley PLC shares closed the week flat, holding just under the remaining cash value in Zurich Insurance Group’s agreed deal. AJ Bell put Beazley at 1,283.00p to sell and 1,283.50p to buy, no change for the day. About 5.8 million shares changed hands. Market cap stood at £7.58 billion. On the same table, the FTSE 100 finished up 1.63% on 12 June.
June 13, 2026
Beazley Plc Takeover Watch: Vanguard’s 5% Filing Puts Zurich’s £8.1 Billion Deal Back in Focus

Beazley Plc trades under Zurich bid price as buyer keeps picking up shares

Beazley Plc shares stayed flat in London on Thursday, trading just above the previous close, while Zurich Insurance kept picking up Beazley stock even as the takeover waits for court approval. The stock opened at 1,283.5p, up half a penny from the June 10 close, according to London Stock Exchange data. Stockopedia logged Beazley unchanged at 1,283p, giving a market cap of around £7.72 billion. Zurich’s newest Form 8 dealing disclosure, released Thursday, sparked the move. Zurich bought 77,851 Beazley shares at 1,282.5p, another 393,491 at 1,283p, and 196,791 at 1,283.5p on June 10. Altogether, Zurich picked up 668,133 shares, which comes out to about £8.57 million at those prices.
June 11, 2026
Beazley Holds Under Zurich Offer Price as Buyer Picks Up Stock Before Court Decision

Beazley Holds Under Zurich Offer Price as Buyer Picks Up Stock Before Court Decision

Beazley Plc edged up 0.02% to 1,282.75p in London by 1:00 p.m. Wednesday. Shares opened at 1,283.5p and stuck between 1,282p and 1,283.5p. Investors weren’t treating Beazley like a standard insurer, but more like a takeover situation. The price has barely moved because of Zurich Insurance Group’s all-cash deal. In March, Reuters said Beazley holders will get a total of 1,335p a share—1,310p in cash plus a 25p dividend—under the agreement, which puts an £8.1 billion tag on the London specialty insurer.
June 10, 2026
Beazley Plc Takeover: Zurich Builds Stake as £8.1 Billion Deal Hits Fine Print

Why Beazley’s Stock Is Still Sitting Below Zurich’s Cash Offer

Beazley Plc shares barely moved on Monday, holding just below the cash value still due under Zurich Insurance Group’s takeover offer after a fresh disclosure showed the Swiss insurer adding to its position late last week. At 14:08 BST, Beazley was down 0.04% at 1,282.5 pence, with the day’s trade confined to a narrow 1,282.5p-1,283.5p range. London was in regular business; the London Stock Exchange’s main session runs from 08:00 to 16:30 BST.
June 8, 2026
Beazley Shares Stay Flat as Traders Eye Takeover Spread

Beazley Shares Stay Flat as Traders Eye Takeover Spread

Beazley shares closed the week a touch under Zurich Insurance’s offer price. The stock kept a small but noticeable deal spread, with investors watching as the London-listed insurer heads for an exit from the market. The stock ended Friday at 1,283p, flat on the day but up about 0.2% from last Friday’s 1,281p finish, historical market data shows. Volume came in at 6.73 million shares, topping most days last week.
June 6, 2026
Beazley Plc Takeover Watch: Vanguard’s 5% Filing Puts Zurich’s £8.1 Billion Deal Back in Focus

Beazley Plc Takeover Watch: Vanguard’s 5% Filing Puts Zurich’s £8.1 Billion Deal Back in Focus

Vanguard Group has taken a 5.03% stake in Beazley plc, according to a Monday filing, adding another heavyweight to the London insurer’s ledger with Zurich Insurance’s all-cash bid still pending final sign-offs. The Form 8.3 document revealed Vanguard holds or manages 30,237,689 ordinary shares in Beazley; under UK rules, investors crossing the 1% threshold must disclose via Rule 8.3. The Zurich acquisition is still pending, even after clearing its biggest shareholder obstacle. On April 22, Beazley announced that investors overwhelmingly approved Zurich’s £8.1 billion all-cash bid—99.9% voted yes. But final closure hinges on court sign-off, which isn’t expected until the second half of 2026.
May 4, 2026
Beazley Plc Takeover: Zurich Builds Stake as £8.1 Billion Deal Hits Fine Print

Beazley Plc Takeover: Zurich Builds Stake as £8.1 Billion Deal Hits Fine Print

Zurich Insurance Group has increased its position in Beazley Plc, snapping up 605,476 shares in the London-listed specialty insurer as the £8.1 billion acquisition shifts from securing shareholder backing to the drawn-out phase of legal filings, court reviews, and regulatory steps. According to a May 1 disclosure, Zurich’s stake rose to 18.76 million shares, or 3.11%, following April 30 trades that landed between 1,275.5 pence and 1,277 pence per share. The cash transaction isn’t quite across the finish line, even after clearing a major hurdle. Beazley shareholders threw their support behind Zurich’s bid, with 99.9% voting in favor on April 22. The deal still needs a court sign-off, and is slated for completion in the second half of 2026.
May 2, 2026
Beazley Plc Deal Watch: SocGen Position Nears 10% as Zurich Takeover Clock Ticks

Beazley Plc Deal Watch: SocGen Position Nears 10% as Zurich Takeover Clock Ticks

Societe Generale bumped its reported stake in Beazley Plc up to 9.43% from 8.66%, according to a regulatory filing on Friday. The development throws another element into the mix as the London specialty insurer heads toward an agreed takeover by Zurich Insurance Group. Société Générale now holds 42.55 million voting rights via shares, plus another 14.15 million through financial instruments such as equity-linked swaps—contracts linked to Beazley’s share price. The filing indicated that the threshold was crossed on April 30, with Beazley notified the next day, May 1.
May 1, 2026
Beazley Takeover Takes Fresh Step as Zurich Crosses 3% Stake Threshold

Beazley Takeover Takes Fresh Step as Zurich Crosses 3% Stake Threshold

Zurich Insurance Group now holds a 3.019% stake in Beazley Plc, according to a Thursday disclosure from the London-listed specialty insurer. The Swiss firm’s position—18.16 million voting rights—put it just over the 3% threshold as of April 29, as Zurich’s £8.1 billion acquisition of Beazley continues down its legal track. The filing lands at a key stage, shifting the deal from contested bidding to the next phase: execution. Beazley shareholders already signed off on Zurich’s cash bid last week—overwhelmingly, with 99.9% support. Still, the acquisition isn’t a done deal until it clears court approval. Completion is penciled in for the back half of 2026.
April 30, 2026