Zurich beforehand proposed 1,230 pence per share on January 4, 2026, a degree Beazley’s board rejected on January 16 as considerably undervaluing the corporate. The revised 1,280p proposal equates to a 56% premium to Beazley’s 30day VWAP to January 16, a 27% premium to the median analyst worth goal of 1,010p and a 32% premium to Beazley’s alltime excessive of 973p on June 6, 2025. Zurich stated any supply worth can be lowered by the quantity of dividends declared or paid after the announcement.

