Hedge Funds, Insurers Rush to Gauge Exposure as Iran Spirals

Hedge funds, banks and insurers rushed to size up their exposure to the Middle East after weekend attacks on Iran fueled chaos across the region.Some of Taiwan’s largest life insurers, including Cathay Life Insurance Co. and Nan Shan Life Insurance Co., conducted internal reviews of their exposure to the Middle East over the weekend after news of the attacks broke, according to people familiar with the matter. Barclays Plc redeployed more than 30 people to work Sunday to cover New Zealand’s market open on M ...