Hiscox shares jump on Intact Financial bid interest
Hiscox shares rose 15.3 percent on Friday following reports that Intact Financial is exploring a bid. The move reflects growing interest in UK-listed firms.
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HISCOX LTD shares rose as much as 15.3% on Friday following reports that Canada-based INTACT FINANCIAL CORP is exploring a bid for the British insurer. The potential acquisition reflects heightened interest in UK-listed firms for their cheaper valuations. A successful deal would consolidate the property and casualty insurance market.
