Swiss insurance giant Zurich Insurance Group has reached a definitive agreement to acquire London-headquartered specialty insurer Beazley in an all-cash transaction valued at £8.1 billion, or approximately $10.8 billion. The deal, which the boards of both companies have formally approved, caps months of back-and-forth negotiations and positions the combined entity as the largest specialty underwriter […]

The postZurich wins Beazley after a fight worth $10.8 billionappeared first onRolling Out.