Zurich Insurance Group intends to acquire UK cyber insurer Beazley for approximately $11 billion.

**Executive summary:** This briefing summarizes recent cybersecurity sector activity: $265M raised across nine funding deals (notable raises include UpGuard $75M, Gambit Security $61M, Fig Security $38M, JetStream Security $34M), four M&A transactions including Zurich's intended acquisition of Beazley for ~\$11B, and a series of executive hires and board appointments across multiple security vendors.