Zurich buys rival insurer Beazley

Swiss insurance giant Zurich is buying British rival Beazley for £8.1bn ($10.8bn), having had an earlier £7.7bn bid rebuffed.  Beazley, which features a significant marine portfolio, will be delisted from the London Stock Exchange but will remain a UK-based company. Mario Greco, Zurich’s chief executive, said: “Leveraging Beazley’s established Lloyd’s platform, the combined specialty business …

splash247