Hiscox Bermuda and Reinsurance CEO Jeremy Pinchin has addressed speculations on his firm’s possible return to the UK after the country’s potential departure from the European Union.
Pinchin distanced the company from the recent statements of its former chairman, Robert Hiscox, who commented that they may consider moving back to the UK if it were to vote to leave the EU.
Pinchin reaffirmed their commitment to Bermuda, the firm’s country of domicile for several years now.
“Robert is honorary president of Hiscox. While he is a major shareholder, he is not on the board of Hiscox,” Pinchin told the Royal Gazette
“The issue of leaving Bermuda domicile, whether Britain leaves the EU or not, is not on the board agenda and we remain committed to Bermuda,” he added.
Hiscox, who chaired the company for 43 years, recently faced the Press Association and hit out at Prime Minister David Cameron’s “corrupt” campaign to remain in the economic bloc.
“The part the Government has played in the debate is astonishing,” the Daily Mail
quoted him as telling the Association.
“Their corrupt statements and illegal propaganda pouring out is something to behold, especially the Treasury document.”
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