Reinsurance News
Chaucer
Pacific typhoon migration poses increasing risks, says Chaucer
28th February 2025
The area where Pacific typhoons reach their peak intensity is gradually shifting northward, increasing the risk to heavily populated regions in the Northwest Pacific, according to a new report from Chaucer. Academic studies show that the area of maximum intensity is moving roughly 0.5 degrees of latitude northward per decade, equivalent ... Read the full article
Political violence cover important as public protests in US rise by 30%: Chaucer
16th December 2024
Chaucer, a global specialty insurance and reinsurance group, has emphasised the importance of political violence insurance for businesses with US operations due to a significant rise in public protests by US unions and workers. There has been a 30% increase in US union and workers' protests and demonstrations, with the number ... Read the full article
Insurance costs against government defaults driven up by falling oil prices in Middle East: Chaucer
9th December 2024
The cost of insuring against sovereign debt defaults in the Gulf states has risen significantly over the past year, bucking the global trend, according to new research from Chaucer, a global specialty re/insurance group. This increase comes despite an overall 15% decline in the cost of Credit Default Swaps (CDS) across ... Read the full article
Demand for ‘organised crime cover’ on the rise in Mexico amid more dangerous cartel activity: Chaucer
28th November 2024
Global speciality insurance and reinsurance group, Chaucer, has highlighted growing demand in Mexico for insurance protection against cartels and other organised crime, driven by cartel activity spreading into new areas and greater demand from sectors outside of tourism and leisure. Chaucer explains that damage caused by cartel violence is excluded under ... Read the full article
Jonathan Ng joins Chaucer Singapore as Class Underwriter in Political Risk
21st November 2024
Global speciality insurance and reinsurance group, Chaucer has announced the appointment of Jonathan Ng as a new Class Underwriter in Political Risk, Singapore. The executive is joining Chaucer from AXA XL, where he specialised in political risk underwriting in Catlin’s Lloyd’s syndicate. During his time ... Read the full article
Chaucer’s Nicola Stacey elected President of CII
20th November 2024
Nicola Stacey, Chief Underwriting Officer at Chaucer, has been elected President of the Chartered Insurance Institute (CII). The CII is the leading professional membership organisation for the insurance sector, representing over 120,000 members in the UK and internationally. Stacey, who is currently the Deputy President of the CII, will succeed Ian Callaghan ... Read the full article
Potential end of low protest activity in Latin America, says Chaucer
4th November 2024
According to Chaucer, a specialty re/insurance group, the current period of significantly low political protests and demonstrations in Latin America may be coming to an end. Data indicates that the number of protests in the region decreased by 26.3% over the past year, dropping from 28,000 to 20,690 between April 30, ... Read the full article
Ivan Sit joins Chaucer as Class Underwriter, Marine
1st November 2024
Specialty re/insurance group Chaucer has announced the appointment of Ivan Sit, an Asian Marine insurance market veteran that has been recruited to launch the company’s regional Marine offering via Chaucer’s Lloyd’s Singapore platform. Sit is regarded as a highly respected and experienced Marine practitioner with more than 25 years’ experience. As Class ... Read the full article
Chaucer names Nicola Miles Ports & Terminals Class Underwriter
14th October 2024
Global specialty re/insurance group Chaucer has announced the appointment of marine insurance specialist Nicola Miles as Class Underwriter Ports and Terminals. Miles joins the Marine team reporting to James Irvine, Leader of Global Hull Lines, and will be working closely with Class Underwriter Ports and Terminals, Graham Harrison. Simon Schnorr, Chaucer’s Head ... Read the full article
Chaucer hires Lloyd’s Iryna Chekanava as Senior Innovation Underwriter
3rd October 2024
Global specialty re/insurance group Chaucer has hired Iryna Chekanava as a Senior Innovation Underwriter, who joins from Lloyd’s, where she was the senior manager for innovation growth and partnership at the Lloyd’s Lab. In her new role, Chekanava is expected to play a critical role in further developing Chaucer’s work in ... Read the full article
Increase in hail storms can lead to “very underinsured” solar infrastructure in Europe: Chaucer
10th September 2024
The number of hailstorms in Europe has more than doubled in the past year, increasing the costs for solar infrastructure and underinsured, according to a recent report by specialty re/insurance group Chaucer. Hailstorms are the largest natural hazard to solar farms. Last year (year-ending June 30, 2024) the number of hailstorms ... Read the full article
Chaucer appoints industry veteran Angus Milgate as Head of Distribution
6th September 2024
Chaucer, the global specialty re/insurance firm, has announced the appointment of industry veteran Angus Milgate as Head of Distribution. Milgate will join the company in October and will report to Nicola Stacey, Chief Underwriting Officer at Chaucer. In his new role, Milgate will focus on expanding key relationships, facilitating access to senior ... Read the full article
Chaucer hires Baker as Class Underwriter within political violence & crisis management team
20th August 2024
Chaucer, the global specialty re/insurance firm has appointed industry veteran Alex Baker as Class Underwriter within its political violence and crisis management team. Baker brings a deep degree of expertise towards his new role, having previously worked at AXA XL (Catlin) for thirteen years where he specialised in underwriting Terrorism and ... Read the full article
Cyber attacks against UK utility companies up 586% in 2023: Chaucer
29th July 2024
According to data collected by global specialty re/insurer Chaucer, successful cyber attacks against UK utility companies increased to 48 in 2023, representing a 586% increase over the seven cases seen in 2022. The attacks have caused sensitive data belonging to 140,000 individuals to be compromised in the UK, which is a ... Read the full article
Wave of credit downgrades in Africa could grow demand for political risk insurance: Chaucer
8th July 2024
African countries saw a wave of credit rating downgrades last year with only four upgrades to their sovereign bonds, going against the global trend of net upgrades - 20 downgrades and 48 upgrades in 2023 - according to specialty re/insurance group Chaucer. Demand for political risk insurance usually grows influenced by ... Read the full article
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