Cox Insurance Holdings has confirmed it is in the early stages of talks with Highway insurance Holdings about a possible bid.
Cox said it envisaged that any deal would be by way of a recommended share-for-share offer, with no cash alternative.
Until due diligence has been completed, Cox said it would be unable to say whether the talks would result in an offer for Highway.
It said it would be seeking to confirm whether a takeover bid for Highway would be “significantly accretive” to the company's asset values and earnings.
Cox instructed its shareholders to take no action at present. A further announcement will be made in due course, it said.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
