Beazley
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Zurich’s interest in a specialty carrier that moves the dial on cyber is no surprise.
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The CEO said Beazley would retain its brand and management and gain $9bn of premium.
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The bank observed that multiples in the last M&A cycle ranged from 1.6x to 2.5x.
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The company said prior bids from Zurich “significantly undervalued” the business.
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The deal would create a $15bn specialty insurer and mark Zurich's entry into Lloyd’s
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The executive’s departure comes amid a wave of cyber reshuffling in the industry.
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The newly created role will have responsibility for algorithmic and digital distribution channels.
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The London carrier has explored how businesses are navigating an era of accelerating risk.
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Beazley, Hiscox and Lancashire executives spoke 12k words on average in 2025 earnings calls.
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The argument for buyers to purchase cyber has never been stronger, yet growth is still lagging.
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Several Lloyd’s syndicates are also now providing cover for the federal insurer.