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Story summary
- Zurich Insurance Group has agreed to acquire Beazley plc in an all-cash deal valued at about $10.9 billion.
- Beazley shareholders will receive 1,335 pence per share, with closing in late 2026, pending regulatory approvals.
- It aims to create a specialty insurer by combining Zurich's operations with Beazley's cyber and marine expertise.
- Both firms will preserve underwriting cultures and talent, and Beazley's Bermuda operation for insurance-linked securities will continue.
