Insurance Age

Chubb eyes Hiscox.

Hiscox has confirmed that it has been approached by Chubb regarding a possible acquisition bid. C...

Hiscox has confirmed that it has been approached by Chubb regarding a
possible acquisition bid.


Chubb currently owns 27% of Hiscox's issued share value and made a
preliminary valuation of £249m, based on 170p/share. Hiscox share prices
reached 226p when Chubb's interest was made public.

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