Beazley Rejects Zurich’s $10bn Takeover Bid as Lloyd’s Plan B Takes Shape
LONDON, January 22, 2026, 10:05 GMT Beazley turned down Zurich Insurance’s all-cash bid on Thursday, calling the 1,280 pence-per-share offer a “material undervaluation” of the company and its future as an independent firm. Shares of the London-listed specialty insurer fell roughly 3% in early trading. (Reuters) The refusal comes as Zurich pushes to expand its specialty insurance footprint—covering unique risks…