Cyber-attack and yacht insurer agrees £8bn deal in latest UK stock market exit

Beazley, which also covers fine art, agrees to Zurich takeover at 60% premium

A British company specialising in insuring against cyber-attacks that also covers fine art and luxury yachts has agreed to be taken over in an 8bn deal, in the latest loss to the London stock market.

Beazley said on Wednesday it had agreed the deal with its larger rival Zurich, after the Switzerland-listed company raised its bid for the Lloyd's of London insurer.