CapLaw-2026-33

On 2 March 2026, Zurich Insurance Group initiated an accelerated bookbuilding offering, which led to the placement of 7,090,909 newly issued shares at an offer price of CHF 550.00 each, and raising aggregate gross proceeds of approximately USD 5.0 billion. The net proceeds from the capital increase will be directed at partly financing Zurich‘s acquisition of Beazley. The new shares are listed on SIX Swiss Exchange. Goldman Sachs, Morgan Stanley and UBS acted as Joint Global Coordinators and Bookrunners, Citigroup and Deutsche Bank acted as Joint Bookrunners, and Crédit Agricole and Zürcher Kantonalbank acted as Co-Lead Managers in the offering.