Offer values Beazley at 1,335 pence per share including 1,310 pence cash and 25 pence dividend.
It will also advance its Asia Risk Platform with rollout set for 2026.
2 sites opened in Filinvest City Alabang and 1 site launched in San Fernando Pampanga.
Deal ends 18 years of joint ownership with Prism Johnson Limited, pending regulator review.
She will oversee a unified business combining personal, commercial and specialty lines.