Zurich Insurance Group AG is closing in on a deal to acquire UK specialty insurer Beazley Plc, a blockbuster move that could reshape the specialty insurance market. According to people familiar with the matter, the company is also preparing to raise billions of dollars in equity to help finance the acquisition.
A wholly owned subsidiary of Sompo International Holdings Ltd. has completed its $3.5 billion acquisition of Aspen Insurance Holdings Ltd., officially taking the insurer private in a blockbuster deal that reshapes the global insurance landscape — and signals even bigger moves ahead.
Zurich Insurance Group AG is closing in on a deal to acquire UK specialty insurer Beazley Plc, a blockbuster move that could reshape the specialty insurance market. According to people familiar with the matter, the company is also preparing to raise billions of dollars in equity to help finance the acquisition.
