The Australian Competition and Consumer Commission has begun a review of Zurich’s £8.2 billion ($15.4 billion) offer to acquire London-listed specialty insurer Beazley.

The commission received notification of the proposed deal on Friday under merger rules that started in January.

It is seeking feedback on the transaction and has published a series of questions as part of its initial assessment, which will end by July 7.

Zurich has substantially larger operations in Australia than Beazley. The Swiss insurer, through its wholly owned subsidiaries, offers general insurance products including specialty, plus life cover.

Beazley manages seven Lloyd’s syndicates that underwrite insurance and reinsurance business through the Lloyd’s global platform. It is active in Australia solely through these syndicates.

“The acquisition gives rise to a competitive overlap in relation to the supply of the following insurance products in Australia: cyber, marine, SME, corporate property, personal accident, management liability, professional liability, and financial lines/institutions,” the ACCC says.

The questionnaire seeks comments on concerns about the acquisition and other matters relevant to the commission’s assessment. Feedback must be submitted by June 2.

Beazley shareholders have voted in favour of the takeover, which also needs court and regulatory approvals in other jurisdictions.