Swiss insurance giant Zurich has successfully acquired its British competitor Beazley for £8.1 billion ($10.8 billion), following an earlier rejected bid of £7.7 billion. Beazley, which boasts a substantial marine insurance portfolio, will be removed from the London Stock Exchange but will continue to operate as a UK-based entity. Mario Greco, Zurich's chief executive, stated, "Leveraging Beazley’s established Lloyd’s platform, the combined specialty business..."