Reinsurance News
Chaucer
European Commission approves China Re’s acquisition of Chaucer
19th December 2018
The European Commission has approved China Re’s previously announced acquisition of Chaucer, concluding that the deal does not give rise to any competition concerns. The EU governing body explained that the proposed transaction may entail “horizontal overlaps between the companies’ activities,” but would ultimately raise no competition concerns given the ... Read the full article
Lonham appoints Marsh’s Matt Haywood as Marine Underwriter
27th November 2018
Lonham Insurance Underwriters, a member of the international specialty insurance group Chaucer, has announced the appointment of Matt Haywood as Marine Underwriter. Lonham says this appointment is aimed at expanding its specialist underwriting and claims service to the UK cargo and freight liability market. Haywood brings over 24 years’ experience in the ... Read the full article
JBA partners with Chaucer on new India Crop catastrophe model
14th November 2018
JBA Risk Management, the global flood risk modeller, has partnered with international specialty insurer Chaucer on the development of a new catastrophe model to help re/insurers price and assess their exposure within India’s Crop Insurance scheme, Pradhan Mantri Fasal Bima Yojana (PMFBY). The launch of the India Crop model is intended ... Read the full article
Chaucer appoints Treaty Underwriter for Asia and MENA regions
9th October 2018
International specialty insurer Chaucer has appointed Rajeev Menon as Regional Treaty Underwriter for Asia, MENA and the Indian-Sub-Continent. Menon joins Chaucer from Qatar Re, where he most recently served as Senior Underwriting Manager, developing the company’s treaty portfolio for the Asia and MENA regions. He has more than 18 years of industry ... Read the full article
China Re acquires Chaucer from The Hanover in $950m deal
13th September 2018
China Re, one of Asia’s leading reinsurers, has acquired The Hanover’s London-based Specialty business Chaucer in a deal that totals $950 million and accelerates the state-backed group's international development. The transaction includes a cash consideration from China Re of $865 million and a pre-signing dividend from Chaucer of $85 million, received ... Read the full article
The Hanover explores alternatives for Chaucer business, including possible sale
29th March 2018
The Hanover Insurance Group, Inc. said today that it is exploring "strategic alternatives" for its London-based Chaucer business is underway, which could include a possible sale. A "review of strategic alternatives" is currently being undertaken by the firm, as it looks at its options for the Chaucer international specialty underwriting business ... Read the full article
Chaucer creates reinsurance sidecar to back Syndicate 1084 portfolio
21st December 2017
International specialty insurer Chaucer has created a reinsurance sidecar to provide collateralised reinsurance capacity for its Syndicate 1084 global portfolio in 2018. Newly formed Bermuda-based segregated account company Thopas Re will lead the transaction which includes $95 million of third-party investor capital. Thopas Re has entered into an exclusive quota share agreement with ... Read the full article
Jerome Faure joins Chaucer board as non-exec
13th December 2017
International specialty insurance group Chaucer plc has named Jerome Faure as an Independent Non-Executive Director of Chaucer Syndicates Limited, the firms managing agency and operating company. Faure has held a number of senior roles at major reinsurance companies around the world, most recently with Endurance in Bermuda. Faure's career began with SCOR ... Read the full article
Hanover & Chaucer Q3 losses reach $185m to $225m
6th October 2017
The Hanover Insurance has revealed third quarter catastrophe losses - including anticipated losses from hurricanes Harvey, Irma, Maria and the two Mexico earthquakes ranging from $185 million to $225 million before taxes and net of reinsurance. The firm's international specialty group, Chaucer, has retained losses from $115 to $135 million before ... Read the full article
Chaucer acquires Australian specialty underwriting agency SLE Holdings
3rd July 2017
Specialist insurer Chaucer has expanded its regional distribution with the acquisition of Sydney-based underwriting agency and Lloyd's coverholder, SLE Holdings. SLE writes specialty property and casualty products, focusing on sports, leisure and entertainment markets. John Fowle, Chief Executive Officer (CEO) of Chaucer, said; "We are delighted to welcome the SLE team to our ... Read the full article
Chaucer gets final approval for establishment of Dublin re/insurance branch
22nd June 2017
Specialist insurance and reinsurance group, Chaucer, has announced that it's received final approval from the Central Bank of Ireland to launch a Dublin-based entity to write global specialty insurance and reinsurance business. The new company will trade under the name Chaucer Dublin, and is likely another response to the UK's vote to ... Read the full article
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