Chaucer
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Market observers may well look back on the China Re-Chaucer acquisition as a turning point for the involvement of Asian money in Lloyd’s.
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The deal values the London market carrier at 1.66x tangible equity as of 30 June this year. -
The German insurer joins The Hanover in support of Bascule Underwriting.
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The Insider 50 contracted marginally last week as most companies in the index stagnated
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The parties are waiting for an indication from the Chinese authorities on whether a deal would receive approval.
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Carriers with a cornerstone position in one market have much to gain from operating on Lime Street.
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In the newly created role, he will also collaborate with the cyber team of Chaucer.
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The Chinese state-owned reinsurer is the high bidder by a substantial margin.
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Bruce Carman’s new venture has named Will Gaunt as class underwriter.
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Conservatism in The Hanover board could yet delay the outflow of Chinese money into the insurance sector.
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Final round bids for The Hanover’s Lloyd’s business are due 29 June.
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The former AmTrust Syndicates Ltd COO may be preparing the company for a managing agency launch in her new role.
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