Chubb buys into Hiscox.

The Chubb Corporation has bought approximately 27% of the issued shares in Hiscox at 225p per share....

The Chubb Corporation has bought approximately 27% of the issued
shares in Hiscox at 225p per share. Chubb stated it has no present
intention of making a takeover bid for Hiscox, but is "fully supportive of
the company as a leading specialist insurance group both within and
outside the Lloyd's market".

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