Insight and Intelligence on the London & International Insurance Markets

4 February 2012

Chaucer shares climb on takeover speculation

13 April 2010

Shares in quoted Lloyd's insurer Chaucer Holdings have continued to climb today (12 April) as rumours persist of an imminent takeover bid.

Chaucer closed last week at 52p - up over 10 percent in the week - and has opened up a further 3 percent at 53.5p in early trading this morning on the London Stock Exchange to trade close to its net tangible assets (NTA).

The Lloyd's insurer has been touted as a potential M&A candidate since early 2009,...

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Share: This article was published as part of issue April 2010/3

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