Hiscox surges as Sompo, Generali said to be interested in takeover
Hiscox Limited (DI)
1,034.00p
16:04 21/11/24
1.97%
20.00p
Hiscox surged on Monday following a report that two rivals are considering takeover bids for the insurer.
FTSE 250
20,302.39
16:05 21/11/24
n/a
n/a
FTSE 350
4,490.39
16:05 21/11/24
n/a
n/a
FTSE All-Share
4,446.94
16:05 21/11/24
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Insurance (non-life)
3,496.08
16:05 21/11/24
1.80%
61.80
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.