"UK Insurer Hiscox Becomes Latest Target in Overseas Takeover Frenzy. In a move that's set to send shockwaves through the global insurance market, Canada's Intact Financial Corp is reportedly eyeing a potential takeover of Lloyd's of London-based insurer Hiscox. This development comes on the heels of a string of high-profile takeover bids for British businesses, with London-listed Tate & Lyle already attracting a US suitor. As shares in Hiscox surged to record highs on Friday, investors are left wondering if the insurer will follow in the footsteps of its peers and become the latest UK company to be snapped up by an overseas buyer."
Canada’s Intact Financial Corp is said to be exploring offer, as London-listed Tate & Lyle attracts US suitorShares 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. Continue reading...
