Canada's Intact Financial said to explore bid for Hiscox, shares surge

(Sharecast News) - Hiscox surged on Friday following a reported 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.