Hiscox shares surge 15% on takeover speculation by Sompo Holdings and Assicurazioni Generali.

Shares of London-listed Hiscox soared up to 15% following a media report suggesting the Lloyd's of London insurer could be a takeover target by Japanese group Sompo Holdings and Italy's Assicurazioni Generali. The report boosted Hiscox's market capitalization to around £4.24bn ($5.44bn). Hiscox's CEO Aki Hussain forecast further UK commercial growth and a return to expansion in personal lines in 2023.