Reinsurance News
Beazley news
News on Beazley, the London-market headquartered specialty insurance and reinsurance company.
Beazley to acquire US renewable energy MGA kWh Analytics
10th March 2026
Leading specialty insurer Beazley has reached an agreement to acquire kWh Analytics, a US renewable energy MGA, which will be embedded into its MAP (Marine, Accident & Political) Risks team. Jason Kaminsky, CEO of kWh Analytics, will report directly to Tim Turner, Group Head of MAP Risks and be a key ... Read the full article
Beazley posts profits of $1bn+ for third year running in 2025
4th March 2026
Specialist insurer Beazley has posted a profit before tax of $1.15bn for the full year 2025, delivering an undiscounted combined ratio of 81% despite heightened global volatility and a softening rating environment. Although earnings were slightly lower than in 2024, the group said the year underscored the accelerating shift in ... Read the full article
Zurich and Beazley reach agreement on £8.1bn transaction
2nd March 2026
An agreement has now been reached for global insurer Zurich to acquire London-headquartered specialist insurer Beazley in an £8.1 billion (USD 10.8bn) all-cash transaction, bringing together "two highly complementary businesses to establish a global leader in Specialty insurance." The Boards of both companies have agreed the terms of a recommended all-cash ... Read the full article
Zurich granted extension of PUSU deadline for Beazley proposal
16th February 2026
The two insurers reached an agreement on the key financial terms of a possible recommended cash offer for Zurich to acquire 100% of Beazley on February 4th, and Zurich has now been granted an extension of the PUSU deadline by more than two weeks. The ‘Put up or Shut up’ (PUSU) ... Read the full article
Beazley survey finds risk convergence driving insurance investment in 2026
12th February 2026
Specialist insurer Beazley has found that businesses worldwide are navigating a more interconnected risk environment in 2026, with technology and geopolitical pressures emerging as the joint leading concerns. In its latest Risk & Resilience survey, Beazley reports that organisations are responding by embedding insurance and structured risk management more deeply into ... Read the full article
Beazley’s new Bermuda entity gets stable outlook as AM Best reacts to acquisition news
5th February 2026
Beazley Bermuda Insurance Limited (BBIL), the London-domiciled specialist insurer and reinsurer’s new Bermuda entity, has been assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a+” (Excellent) by credit ratings agency AM Best. The outlook assigned to these ratings is stable. The ratings align ... Read the full article
Zurich and Beazley reach agreement on key financial terms for possible acquisition
4th February 2026
Zurich has reached an agreement in principle with Beazley on the key financial terms of a potential recommended cash offer for all existing and to-be-issued ordinary shares of the specialist insurer. Readers may recall that on January 4, 2026, Zurich submitted a proposal of 1,230 pence in cash per Beazley ... Read the full article
Beazley rejects latest Zurich proposal on the basis it ‘materially undervalues’ the firm
22nd January 2026
Specialist insurer Beazley has confirmed that its Board of Directors has unanimously rejected Zurich's cash proposal of 1,280 pence per share, stating that it "materially undervalues Beazley and its longer-term prospects as an independent company." The decision from Beazley comes after a detailed evaluation of the January 19th proposal by ... Read the full article
Moody’s flags Zurich’s move for Beazley as catalyst for cyber consolidation
21st January 2026
Moody's has suggested that the proposed acquisition of Beazley by Zurich would be credit-positive for the Swiss insurer, accelerating its push to build leadership in specialty insurance and driving further consolidation in the cyber insurance market, where both are major players. On Monday, Zurich announced it had submitted an enhanced ... Read the full article
Zurich reportedly planning Lloyd’s syndicate in case Beazley deal fails
21st January 2026
Mario Greco, Chief Executive Officer (CEO) of global insurer Zurich, has told the Financial Times (FT) that the company is preparing to launch a syndicate at the specialist Lloyd's insurance and reinsurance marketplace, as the carrier awaits a response from its latest proposal to acquire London-headquartered Beazley. On Monday, Zurich ... Read the full article
Zurich submits improved proposal to acquire 100% of specialist insurer Beazley
19th January 2026
Zurich Insurance Group has submitted an improved proposal of 1,280 pence in cash per share to acquire specialist insurer Beazley after the latter's Board rejected a previous proposal they felt significantly undervalued the firm. On January 4th, 2026, Zurich submitted a proposal of 1,230 pence in cash per Beazley share to ... Read the full article
Beazley’s new Bermuda entity receives PCA from AM Best
14th January 2026
AM Best has assigned a Preliminary Credit Assessment (PCA) to Beazley Bermuda Insurance Limited (BBIL), the London-headquartered specialist insurer and reinsurer’s new Bermuda entity. BBIL received a Financial Strength Assessment of A pca (Excellent) and a Long-Term Issuer Credit Assessment of “a+” pca (Excellent), with a stable outlook on the PCA. Readers ... Read the full article
Beazley appoints CUO Paul Bantick to Board
18th December 2025
Beazley’s Board has appointed Paul Bantick, the firm’s Group Chief Underwriting Officer, as an executive director, effective 1 January 2026. Bantick currently leads the strategic direction of Beazley’s specialist underwriting portfolio, ensuring close alignment between the group’s growth ambitions and underwriting discipline. He oversees a broad range of insurance classes, spanning property ... Read the full article
Beazley appoints Nat Cross as Head of Digital Follow Underwriting
16th December 2025
Specialty insurer Beazley has announced the appointment of Nat Cross to the newly created role of Head of Digital Follow Underwriting, effective 1st February 2026. Since the launch of its dedicated follow syndicate, Smart Tracker 5623, in 2018, Beazley has successfully developed its follow underwriting capabilities. With the fast follow environment rapidly ... Read the full article
Beazley closes $300m cyber catastrophe bond
15th December 2025
Specialist insurer Beazley has secured $300 million of cyber reinsurance protection with its latest cyber catastrophe bond, PoleStar Re Ltd. (Series 2026-1). This is the fourth and largest 144A cyber catastrophe bond sponsored by Beazley under PoleStar Re Ltd. It means that as of today, the insurer has $670 million in ... Read the full article
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