Published by Global Banking & Finance Review®
Posted on March 4, 2026
1 min readLast updated: April 2, 2026
Add as preferred source on GoogleUK specialty insurer Beazley saw a 19% decline in annual pre‑tax profit, amid a softening insurance rating environment and sluggish growth in its cyber insurance business. Meanwhile, it agreed to an £8.1 billion ($10.85 billion) takeover by Zurich, and maintains limited exposure to Middle East confl
March 4 (Reuters) - British speciality insurer Beazley reported a 19% drop in annual pre-tax profit on Wednesday, amid a softening insurance rating environment and weak growth in its cyber insurance business.
The insurer, which agreed to an $11 billion takeover bid from Zurich Insurance this week, said its exposure to the Middle East conflict is limited as of now, with no material impact anticipated.
(Reporting by Yamini Kalia in Bengaluru; Editing by Sumana Nandy)
Beazley reported a 19% annual profit drop due to a softening insurance rating environment and slow growth in its cyber insurance business.
As of now, Beazley stated its exposure to the Middle East conflict is limited, with no material impact anticipated.
Beazley has agreed to an $11 billion takeover bid from Zurich Insurance.
The cyber insurance segment showed weak growth for Beazley in the last financial year.
Beazley announced its latest annual profit results on March 4.
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