Zurich Insurance Group AG acquired an 8.02% stake in specialist insurer Beazley plc. This acquisition positions Zurich as a formal offeror under the UK Takeover Code.
The company filed the disclosure on August 27, 2026. It confirmed the purchase of 48,284,627 ordinary shares.
Transactions took place on August 26, 2026. Share prices ranged from 1,296.50p to 1,298.00p.
The development signals potential M&A activity. The Panel on Takeovers and Mergers will oversee the advancing offer process.