Zurich Insurance Group agreed to acquire Beazley for approximately 10.9 billion US dollars in an all-cash transaction to combine two highly complementary portfolios and establish an absolute global leader in specialty insurance. This strategic acquisition leverages Beazley's premier Lloyd's market presence and unmatched expertise in high-demand niche lines like cyber insurance, significantly expanding Zurich's specialty underwriting scale, geographic reach, and premium revenue streams across international commercial markets.