Beazley responds to Zurich proposal

In a statement released without Zurich’s consent, Beazley said it received an unsolicited, non-binding, indicative and conditional cash proposal from Zurich on January 4, 2026, to acquire the entire issued and to be issued share capital of the company. Zurich’s initial proposal offered 1,230p per share in cash, which Beazley said its board unanimously rejected because it “significantly undervalued the company.”