Reinsurance News
Beazley news
News on Beazley, the London-market headquartered specialty insurance and reinsurance company.
Beazley finds growing gap between business confidence and cyber resilience as risks intensify
28th April 2026
Specialist insurer Beazley's Risk & Resilience: Cyber Threat and Tech Advances 2026 report, based on insights from 3,500 business leaders worldwide, identifies a clear disconnect between how organisations perceive their ability to withstand cyber incidents and the scale of the risks they face. Beazley finds that cyber risk remains the most ... Read the full article
Beazley adds Sundeep Khera as Head of Marine
27th April 2026
Beazley, a large specialist insurer, has appointed Sundeep Khera as Head of Marine, effective April 21st, 2026, reporting to Tim Turner, Group Head of Marine, Accident & Political (MAP) Risks. In his new role as part of the MAP Risks team, Khera will lead the Marine, Energy, Aviation, and Space teams. He ... Read the full article
Eirion Risk Underwriters launches Construction Professional Liability program
17th April 2026
Eirion Risk Underwriters has announced the launch of its Construction Professional Liability (CPL) program, designed to cover professional risks for contractors and construction project stakeholders. The program offers a suite of coverages including Annual Contractors Professional and Pollution Liability (CPPL), Project-Specific CPPL, and Owner’s Protective Professional Indemnity (OPPI). With A+ XV-rated capacity, ... Read the full article
Beazley plans new Marine War insurance consortium to expand market capacity
16th April 2026
Beazley, a large specialist insurer, has announced plans to establish a new Marine War insurance consortium aimed at increasing available coverage within the market. The initiative is expected to provide up to $1 billion in Lloyd’s capacity, split evenly between Hull War and Cargo War risks. This offering is intended to ... Read the full article
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
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