Zurich Insurance Group Ltd raises USD 5.0bn to partly finance the acquisition of Beazley plc by way of an accelerated bookbuilding

Zurich Insurance Group Ltd (SIX: ZURN) has successfully placed 7,090,909 newly issued shares by way of an accelerated bookbuild offering. At a placement price of CHF 550 per share, the offering raised USD 5.0 billion in gross proceeds for the company. The net proceeds from the capital increase will be used to partly finance the acquisition of Beazley plc. Closing of the transaction is expected to take place on 5 March 2026.

Niederer Kraft Frey represented the banking syndicate in the transaction, consisting of UBS AG, Goldman Sachs International, Morgan Stanley & Co. International plc, Deutsche Bank Aktiengesellschaft, Citigroup Global Markets Limited, Crédit Agricole Corporate and Investment Bank and Zürcher Kantonalbank.

The NKF team was led by Transactions partners Deirdre Ni Annrachain and Philip Spoerlé, working with associate Manuel Hirlinger and junior associate Sandja Kozina (both Transactions) as well as partner Simon Bühler (Insurance Regulatory).