US insurer Chubb eyes up a seven-storey cut of the Scalpel skyscraper

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The City of London’s latest skyscraper – the Scalpel – could snare its third major tenant in another boost for the capital’s post-Brexit property scene, the Standard understands.

Industry sources say US insurance giant Chubb is likely to snap up seven floors in the 38-storey tower, joining other prospective tenants including insurer Axis Capital and broker Berry Palmer & Lyle. 

Although New Jersey’s Chubb is also still weighing up the option taking space at Helical Bar’s Creechurch Place, this is much further away from the Lloyd’s building – centre of the Lloyd’s of London market – and the Scalpel is understood to be their preferred location.

The move is part of the fallout from Chubb’s $29.7 billion merger with rival ACE.

Insurer WR Berkeley – developing the building itself and taking eight floors – declined to comment.

Other major deals on the cards include lawyers Freshfields moving their London base to 100 Bishopsgate.

Source Article from http://www.standard.co.uk/business/us-insurer-chubb-eyes-up-a-sevenstorey-cut-of-the-scalpel-skyscraper-a3412721.html

December 6, 2016 |
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