Reinsurance News
Chaucer
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
Chaucer & Crown Jewel partner on trade secret insurance product
13th February 2023
Chaucer, a global specialty re/insurance group, and Crown Jewel Insurance, an insurtech and Lloyd's Coverholder, are joining forces in a new partnership to provide insurance coverage for companies' trade secrets. According to a joint press release by the two firms, the product is the first of its kind to offer protection ... Read the full article
Chaucer partners with Kita, Munich Re & RenRe to provide capacity
27th January 2023
Global specialty re/insurance group, Chaucer has announced its partnership with Kita, a carbon credit insurance specialist, to insure the delivery risk of carbon sequestration projects. The group is not only investing in Kita, but will also be providing lead underwriting capacity; follow capacity will be provided by Munich Re Syndicate and ... Read the full article
Chaucer doubles Dubai re/insurance business since 2020
25th January 2023
Chaucer has doubled its re/insurance business in Dubai since 2020 as well as the size of its re/insurance book, said the group in a recent announcement. The Dubai office has gone from strength to strength since Chaucer MENA opened its doors in 2017, increasing its book size 40% y-o-y, the re/insurer ... Read the full article
Chaucer warns on rising cost of insuring against sovereign debt defaults
12th December 2022
Research from Chaucer indicates that the cost of insuring against sovereign debt defaults has increased by 102% over the past year. According to the firm, the twelve months has seen the cost of Credit Default Swaps used to insure against a default on the debt of a third party, such as ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
