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

Canada’s Intact Financial Corp is said to be exploring offer, as London-listed Tate & Lyle attracts US suitor

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.