Both sides are discussing last position aft agreeing successful rule connected cardinal financial conditions.

Beazley has extended nan deadline for Zurich Insurance Group to determine whether it will make a general takeover connection for nan insurer.

In a connection released connected 16 February 2026, Beazley said nan 2 companies had antecedently confirmed they had agreed successful rule connected nan cardinal financial position of a imaginable recommended rate connection for each of Beazley’s shares.

Under UK takeover rules, Zurich had been required to denote by 5.00 p.m. London clip connected 16 February 2026 whether it intended to make a patient offer, aliases to opportunity it would not proceed. 

Beazley said Zurich has started confirmatory owed diligence and that activity is progressing arsenic planned, whilst some sides besides talk nan elaborate position and last transaction documents.

Beazley said it asked for much clip and nan Takeover Panel agreed to widen nan alleged “put up aliases unopen up” deadline. 

Zurich must now make its announcement by 5.00 p.m. London clip connected 4 March 2026. The deadline tin beryllium extended again if nan Takeover Panel agrees.

Beazley said location is nary certainty that a patient connection will beryllium made, and it will rumor further updates erstwhile appropriate.
 

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