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.