Zurich Reveals Beazley Stake After UK Insurer Spurns Bid

Zurich Insurance Group AG disclosed a 1.5% stake in Beazley Plc, about two weeks after the UK specialty insurer rejected the industry giant’s latest takeover approach.The Swiss company now holds about 8.87 million shares of the London-listed firm, or 1.47% of Beazley’s equity, according to a statement on Monday. It started disclosing its purchases in the stock from Jan. 19. Beazley’s shares were trading up 3.6% at 1,174 pence as of 1:19 p.m. in London.The move comes after Beazley rejected Zurich’s latest pr ...