Chubb no longer set to take over Lloyd‘s insurer

However the Hiscox board felt the offer still “significantly undervalued‘ the company. In a statement following the breakdown of the talks Robert Hiscox (above) stressed that, despite diff

Chubb, which already owns 27% of Hiscox, made its approach to buy up the remaining shares last week and during discussions revised its initial offer upwards to 210p per share.