Zurich - Beazley
Zurich Insurance Group Ltd (**Zurich**) proposes to acquire all of the shares in Beazley plc (**Beazley**) (the **Acquisition**). Beazley is a UK-based global specialty insurance business. Globally, Beazley underwrites a range of specialty insurance products, including professional indemnity, cyber liability, property, marine, reinsurance, accident and life sciences, financial institutions, directors and officers, and political risks and contingency business. Beazley manages 7 Lloyd’s syndicates that underwrite insurance and reinsurance business through the Lloyd’s global platform, and is active in Australia solely through these syndicates. Zurich is a global multi-line insurer headquartered in Switzerland. In Australia, Zurich, through its wholly-owned subsidiaries, supplies a range of life insurance products and general insurance products, including specialty insurance products. The Acquisition gives rise to a competitive overlap in relation to the supply of the following insurance products in Australia: Cyber, Marine, SME, Corporate Property, Personal Accident, Management Liability, Professional Liability, and Financial lines/institutions.
- Status
- Assessment completed
- ACCC determination
- Approved
- Stage
- Phase 1 - initial assessment
- Notified
- 22 May 2026
- Determination published
- 17 June 2026
Acquirers
- Zurich Insurance Company Ltd
Targets
- Beazley plc