SWX:ZURN.SW 18 November 2025 - 5 March 2026

Beazley Plc on Wednesday posted a 19% drop in annual pre-tax profit, pressured by weaker insurance pricing and sluggish expansion in its cyber segment, just as a Zurich Insurance takeover looms. The company noted its Middle East conflict exposure remains limited and doesn’t anticipate any material effect.

Zurich Insurance Group is snapping up British specialty insurer Beazley for 8.1 billion pounds, betting big on areas like cyber, marine, and aviation coverage. Beazley’s stock closed Monday at 1,291 pence, up 1.8% but still under Zurich’s bid. Shares of Zurich dropped 1.2%.

Beazley shares edged lower in early London trading on Tuesday, with the stock last at 1,290 pence, as Zurich Insurance Group said it had raised CHF 3.9 billion in a share sale to help finance its agreed takeover of the British specialty insurer.