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Canada's Intact Financial said to explore bid for Hiscox, shares surge
(Sharecast News) - Hiscox surged on Friday following a report 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
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