Hiscox surges as Sompo, Generali said to be interested in takeover
Hiscox Limited (DI)
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Hiscox surged on Monday following a report that two rivals are considering takeover bids for the insurer.
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Insurance (non-life)
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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.