Hiscox surges as Sompo, Generali said to be interested in takeover
Hiscox Limited (DI)
1,075.00p
08:40 31/12/24
0.00%
0.00p
Hiscox surged on Monday following a report that two rivals are considering takeover bids for the insurer.
FTSE 250
20,435.73
08:45 31/12/24
n/a
n/a
FTSE 350
4,483.17
08:45 31/12/24
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FTSE All-Share
4,440.80
08:45 31/12/24
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Insurance (non-life)
3,929.64
08:44 31/12/24
0.17%
6.57
According to Insurance Insider, Japan’s Sompo and Italy’s Generali are circling Hiscox.
At 1225 BST, Hiscox shares were up 11% at 1,244p. Peers Beazley and Lancashire also gained, up 3.1% at 3.4%, respectively.