PRESS RELEASE
13 March 2026

Herbert Smith Freehills Kramer Advises UBS On Zurich's £8.2 Billion Takeover Of Beazley Plc

KL
Herbert Smith Freehills Kramer LLP

Contributor

Herbert Smith Freehills Kramer is a world-leading global law firm, where our ambition is to help you achieve your goals. Exceptional client service and the pursuit of excellence are at our core. We invest in and care about our client relationships, which is why so many are longstanding. We enjoy breaking new ground, as we have for over 170 years. As a fully integrated transatlantic and transpacific firm, we are where you need us to be. Our footprint is extensive and committed across the world’s largest markets, key financial centres and major growth hubs. At our best tackling complexity and navigating change, we work alongside you on demanding litigation, exacting regulatory work and complex public and private market transactions. We are recognised as leading in these areas. We are immersed in the sectors and challenges that impact you. We are recognised as standing apart in energy, infrastructure and resources. And we’re focused on areas of growth that affect every business across the world.
Leading global law firm Herbert Smith Freehills Kramer has advised UBS, as a financial adviser to Zurich...
United States

Leading global law firm Herbert Smith Freehills Kramer has advised UBS, as a financial adviser to Zurich, on its recommended £8.2 billion all-cash offer for the entire issued share capital of Beazley plc.

Zurich is a Swiss based global multiline insurer with a major specialty franchise. Beazley is a UK headquartered specialist insurer and reinsurer focused on niche and complex risks. The combination brings together two highly complementary businesses to create a UK headquartered global leader in specialty insurance, anchored by Beazley’s strong Lloyd’s market presence.

The Herbert Smith Freehills Kramer team was led by Finance partner Will Nevin and Corporate partner Mark Bardell, supported by senior associates Mehdi Tedjani and Will Beynon, and associates Arina Abgaryan and Lucy Kelly.

Partner Will Nevin commented: "This transaction brings together two naturally aligned specialty insurance businesses, combining Zurich’s global scale with Beazley’s market leading Lloyd’s platform. We are proud to have advised UBS on this strategic takeover."

Partner Mark Bardell added: "This deal reflects the strengths of our Corporate and Finance teams and we were delighted to play our part in such a significant transaction."

Contributor

Herbert Smith Freehills Kramer is a world-leading global law firm, where our ambition is to help you achieve your goals. Exceptional client service and the pursuit of excellence are at our core. We invest in and care about our client relationships, which is why so many are longstanding. We enjoy breaking new ground, as we have for over 170 years. As a fully integrated transatlantic and transpacific firm, we are where you need us to be. Our footprint is extensive and committed across the world’s largest markets, key financial centres and major growth hubs. At our best tackling complexity and navigating change, we work alongside you on demanding litigation, exacting regulatory work and complex public and private market transactions. We are recognised as leading in these areas. We are immersed in the sectors and challenges that impact you. We are recognised as standing apart in energy, infrastructure and resources. And we’re focused on areas of growth that affect every business across the world.

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