Reinsurance News
Chaucer
Elections in 2024 could drive political risk insurance demand higher: Chaucer
23rd October 2023
Demand for political risk insurance is predicted to grow in 2024 driven by an increase in the number of elections worldwide, an event that usually heightens the value of economies, and together increase political risk for businesses operating in countries facing political uncertainty, said Chaucer. According to the re/insurers data, the ... Read the full article
Kita works with Chaucer on carbon credit claims
16th October 2023
Lloyd's coverholder and carbon insurance specialist, Kita, working closely with lead capacity provider Chaucer, has introduced the ability to pay insurance claims in replacement carbon credits. Clients of its flagship Carbon Purchase Protection Cover insurance now have the option to receive insurance claims in carbon credits. The company has secured Letters of ... Read the full article
Chaucer’s Zak Mallen joins Aon as MD, Head of Strategic Growth, Casualty Re in Bermuda
11th October 2023
Chaucer's Zak Mallen has joined global re/insurance broker Aon, as Managing Director and the Head of Strategic Growth, Casualty Reinsurance, in Bermuda. He joins Aon following a decade of service at Chaucer, where he most recently served as a US casualty reinsurance underwriter. He first joined the firm in June 2013, taking ... Read the full article
Chaucer’s Political Violence insurance adds extension for Mexican cartel activity
25th September 2023
With inflation-driven political unrest in Latin America fuelling a rise in demand for political violence insurance, specialty re/insurer Chaucer’s Political Violence insurance product has an extension for Mexican cartel activity. There was an increase in the number of protests and riots in Latin America last year, from 5,261 in 2021-22 to ... Read the full article
UK Credit Default Swaps cost spikes 106% in past twelve months: Chaucer
25th July 2023
The UK and US are among the top five countries which saw the biggest increase in the average cost of insuring against sovereign debt defaults in the past year, according to global specialty (re)insurance group Chaucer. Chaucer's research suggests the cost of Credit Default Swaps (CDS) has seen a large increase ... Read the full article
Chaucer promotes Baker to Head of Global Reinsurance
18th July 2023
Specialty re/insurance group Chaucer has promoted Chris Baker to Head of Global Reinsurance, overseeing all lines of Reinsurance business and territories. An experienced veteran within the industry, Baker has been with Chaucer for almost two decades, having joined the firm in 2004 as a Marine and Energy Reinsurance Underwriter. Moving forward to ... Read the full article
DUAL Asset forms strategic partnership with Chaucer
11th July 2023
DUAL Asset, a subsidiary of the DUAL Group, has announced a significant new collaboration with Chaucer, reinforcing its position as a leading global provider of legal indemnity insurance. As part of the agreement, Chaucer will contribute £100 million of quota share capacity to support DUAL Asset's UK and European Commercial Real ... Read the full article
Chaucer hires Liberty Specialty Markets’ Sidawi as new Class Underwriter in Dubai
7th July 2023
Specialty re/insurance group Chaucer has hired Nadine Sidawi as a new Class Underwriter within its political violence team in Dubai. Sidawi joins the reinsurer following 12 years of service at Liberty Specialty Markets. The firm, part of US based Liberty Mutual Group, provides commercial insurance and reinsurance solutions across Europe and the ... Read the full article
With rising civil unrest SRCC cover becomes more necessary: Chaucer
6th July 2023
As civil unrest rises, specialist Strikes Riots and Civil Commotion (SRCC) cover has become even-more necessary in protest-prone regions, Chaucer analysts have revealed. According to research by the re/insurance group, civil unrest in the Middle East - including looting/property destruction, mob violence, protest with intervention, violent demonstration - has risen 11% ... Read the full article
France and Germany experience sharp rise in civil unrest incidents: Chaucer
23rd June 2023
France and Germany witness substantial increases in civil unrest incidents, with France experiencing a staggering 55% surge and Germany reporting a 13% rise in social unrest during the first quarter of 2023 compared to the same period in 2022, according to a report by specialty re/insurance group Chaucer. The study conducted ... Read the full article
Chaucer Group CEO John Fowle to step down
6th June 2023
Specialty re/insurance group Chaucer has announced that its group CEO, John Fowle has decided to step down effective June 30, 2023. Fowle joined the firm in 2002 and was appointed to the role of CEO in 2017. At the same time, Chaucer has also confirmed that Group CFO Rob Callan will step ... Read the full article
Chaucer names Andrew Pearce as Independent Non-Executive Director
31st May 2023
Specialty re/insurance group Chaucer appointed Andrew Pearce as an Independent Non-Executive Director on the CSL Board. Pearce will also serve on the Audit Committee, Risk and Capital Committee, and Remuneration and Nominations Committee. The necessary regulatory formalities have been completed to support his appointment. Pearce previously served as Managing Director at Accenture ... Read the full article
Chaucer promotes Simon Tighe to Group Head of ESG
22nd May 2023
Specialty re/insurance group Chaucer, has announced the promotion of Simon Tighe to Group Head of Environmental, Social, and Governance (ESG), in addition to his role as Group Head of Investments & Treasury within the firm. Tighe has been described as a “driving force” in the evolution of Chaucer’s ESG strategy. Particularly, ... Read the full article
Chaucer becomes latest signatory of UN Principles for Sustainable Insurance
12th May 2023
Global re/insurance group Chaucer has signed up to the UN Principles for Sustainable Insurance (PSI), which provides a global framework for the industry to address environmental, social and governance (ESG) risks and opportunities. The PSI was developed through a partnership between risk management leaders and the United Nations Environment Programme Finance ... Read the full article
Chaucer unveils update to its ESG sustainability strategy
16th February 2023
Specialty re/insurance group Chaucer has unveiled an update to its ESG sustainability strategy, outlining how it will decarbonise its business and embed ESG into the underwriting decision-making process. Chaucer states that its ESG strategy will be applied across all six of its defined core functions – Investments, Marketing, Underwriting, Operations, Risk ... Read the full article
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