Former British Land boss Stephen Hester could do very well out of a £7.6bn takeover bid for RSA.
Shares in the FTSE 100 company surged by almost 46% yesterday after it emerged that the Toronto-based insurer Intact Financial Corporation and the Danish group Tryg had offered 685p-a-share in cash for Britain’s oldest insurer.
Hester, who has a significant shareholding in the business, took charge of the company in 2014.
