Hiscox shares closed the day [Monday 8th July] up 13.43% (150 pence) at 1,267 pence giving it a market cap of round £4.3bn after the insurer was linked with a takeover.
Italian insurance coverage big Generali and Japanese insurer Sompo have been named as potential bidders by commerce title Insurance coverage Insider.
Generali has beforehand been linked with Aviva, with the insurer being named by Bloomberg as one in every of six UK targets it’s for a “pleasant takeover”
The insurer closed its regional workplaces within the UK in 1999, however at present runs a mid-corporate industrial enterprise run out of London and Birmingham headed by ex-Zurich head Alan Moore.
Sompo’s Hiscox connection
In the meantime
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