Societe Generale Raises Hiscox Stake to 5.04% via Cash CFDs

Societe Generale has increased its voting rights stake in Hiscox Ltd to 5.04%, surpassing the 5% threshold on Monday and formally submitting the notification to the insurer on Tuesday under the TR-1 standard form. The move follows the acquisition of cash-settled contracts for difference (CFDs) expiring in December 2027 and May 2028, adding 16,292,942 total voting rights, of which 16,070,682 are directly attached to Hiscox shares. This represents 5.04% of the company’s shareholder voting rights, up from 4.91% in prior filings. The bank’s indirect voting rights through financial instruments remain negligible at 0.07%, reflecting a concentrated focus on direct shareholdings. Hiscox, a Bermuda-based insurer, trades under the ISIN BMG4593F1389 and operates from London-based headquarters.