Homburger advises Zurich Insurance Group Ltd on the placement of 7,090,909 newly issued shares through an accelerated bookbuilding process, raising gross proceeds of CHF 3.9 bn

On March 2, 2026, Zurich Insurance Group Ltd (SIX: ZURN) announced the launch of an accelerated bookbuilding offering, which led to the successful placement of 7,090,909 newly issued shares at an offer price of CHF 550 per offered share, raising aggregate gross proceeds of approximately CHF 3.9 bn. Zurich intends to use the net proceeds from the capital increase to partly finance the acquisition of Beazley plc.

The offering was conducted by way of (i) a placement to professional investors in Switzerland or in any other circumstances relying on an exemption from the obligation to publish a prospectus under the Swiss Financial Services Act, (ii) private placements in certain jurisdictions outside of Switzerland and the United States, and (iii) private placements within the United States to qualified institutional buyers in reliance on Rule 144A under the U.S. Securities Act.

Goldman Sachs, Morgan Stanley and UBS acted as Joint Global Coordinators and Bookrunners, Citigroup and Deutsche Bank acted as Joint Bookrunners as well, and Crédit Agricole and Zürcher Kantonalbank acted as Co-Lead Managers in connection with the offering.

Homburger advised Zurich on all aspects of Swiss corporate and capital markets law. The Homburger team was led by Hansjürg Appenzeller (Corporate / M&A, Capital Markets, Insurance) and Lorenzo Togni (Capital Markets) and included Matthias Müller (Corporate / M&A) as well as Fabrice Eckert (Insurance, Financing). Dieter Grünblatt and Arbnor Sheholli provided tax advice.