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Canada's Intact Financial said to explore bid for Hiscox, shares surge
(Sharecast News) - Hiscox surged on Friday following a reported that Canada's Intact Financial is exploring a potential bid for the insurer.
According to Insurance Post - which cited sources at the British Insurance Brokers' Association - Intact is looking at a big target and its CEO is known to be a fan of Hiscox, having spoken highly of it in the past.
At 1430 BST, Hiscox shares were up 12.3% at 1,840p.
Hiscox Shares in this article
Latest News
- FTSE 250 movers: Grafton slips, Aberdeen jumps
38 mins ago - PRESS: Canada's Intact Financial eyeing bid for FTSE 100-listed Hiscox
48 mins ago - UK firms should take steps to limit risks from frontier AI models, UK says
56 mins ago - Volvere warns of margin squeeze at Shire Foods
56 mins ago - Sintana Energy says Challenger integration progressing well
1 hour ago - FTSE 100 movers: Miners, utilities slump; Hiscox surges on bid speculation
1 hour ago - GRAPHIC-Global equity funds draw eighth weekly inflow as AI rally lifts tech
1 hour ago
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