Swiss media reported that Senn had died at his vacation home in Klosters, near Davos, in eastern Switzerland.

Many people in the City seem to think that the EU referendum debate has been won, and that the clash of debate and arguments over the next month will not alter the inevitable vote to remain in the European Union.

This week, Marsh and TheCityUK published a report headed "Cyber and the City" and warned that more has to be done by the insurance industry.

Barring an almighty bust-up at the Republication Convention, Trump v Clinton will be the battleground in the US Presidential election this November.

This week, first quarter results were dominated by majors: Allianz, Generali, Zurich and Berkshire Hathaway, just to name a few.

The global high-yield default rate will rise to reach 5% in November this year, according to Moody’s Investors Service forecasts.