Refined tastes.
The market has divided opinions on the possible union between Hiscox and Chubb and what it might mean for the high net worth sector, finds Rachel Gordon.
News that talks broke down between US-owned high net worth specialistinsurer Chubb and its UK rival Hiscox could just be the lull before the
storm, according to many brokers in the know.
Although Chubb was keen to take over Hiscox, it is understood Robert
Hiscox was reluctant to relinquish his independence. The question is, when
will Chubb strike again. The failed takeover has been bad news for
Hiscox's shares, which slumped by 31p on the day it was announced the deal
was off.
Despite this, many
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