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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff

FTSE 100-listed insurer Hiscox’s shares leap amid report of takeover bid

Hiscox Intact Intertek London United States Canada EQT United Kingdom
The exterior of Hiscox insurers in the City of London
Hiscox is the latest London takeover target, amid a boom in foreign interest in UK-listed companies. Photograph: Sarah Lee/The Guardian

Shares in Hiscox surged to record highs on Friday as it became the latest UK takeover target after a flurry of overseas bids for British businesses this week.

Canada’s Intact Financial Corp, which provides property and casualty insurance, is said to be exploring a potential takeover of Lloyd’s of London insurer Hiscox, according to a report by the Insurance Post.

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