Beazley began life in 1986 as Beazley, Furlonge & Hiscox; Hiscox was bought out in 1992 and a full management buyout took place in 2001. Andrew Beazley served as chief executive until September 2008 when he was succeeded by
Andrew Horton. Horton was succeeded by Adrian Cox in April 2021. In February 2024, Beazley announced the formation of an integrated cyber risk management company, Beazley Security, by merging its in-house Cyber Services team with Lodestone, its wholly owned cybersecurity company. In June 2024, Beazley Security introduced its portfolio of services, including a new managed
extended detection and response (MXDR) service. In March 2026,
Zurich Insurance Group made an agreed offer to takeover Beazley in a deal valued at £8.1 billion. ==Operations==