European Commission approves the acquisition of Beazley by Zurich Insurance

The European Commission has given the green light for Zurich Insurance Group’s acquisition of Beazley, a London-based specialised insurance company.

After examining the mergers, the committee concludes that the transaction does not raise any competition concerns.

After several proposals were rejected by Beazley, the two insurers signed an agreement in March 2026 under which Zurich acquires Beazley for 8.1 billion GBP (10.9 billion USD).