Chaucer sets up Latin American fac operation
Lloyd's insurer Chaucer is opening a new office in Buenos Aires to write facultative property business, as it looks to exploit post-Chile rate hardening.
The London-listed insurer's Argentinean office will write business out of Syndicate 1084 from 1 October.
Uwe Fischer will head up the new office, where he will be joined by Alejandro Ferrin and Guido Wolman. All three were previously colleagues at Glacier Re.
The initial analyst response was favourable. Oriel Securities noted that an Argentinean office would...
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