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The Independent UK

Business

Henry Saker-Clark

Zurich granted more time over potential £8bn Beazley takeover

Beazley Zurich

Zurich Insurance has unveiled a proposal to buy London-listed rival Beazley in a deal worth £7.7 billion. (Alamy/PA) - (Alamy/PA)

Insurance giant Zurich has been granted more time to decide whether it will make a formal offer to buy London-listed rival Beazley.

Zurich agreed a deal in principle to buy specialist insurer Beazley for around £8 billion almost two weeks ago.

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One subscription that gives you access to news from hundreds of sites

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