Chaucer

Jo Smart has worked for Torus and Aegis during his two decades in the market.

The Miami-based executive assumes the role left vacant by April McLaughlin.

The insurer is weighing up options including entering new geographies and M&A.

Chance Gilliland spent a decade at Chubb underwriting property binders.

The executive will oversee Howden Re’s treaty and fac business in Miami.

The announcement comes after similar launches with Inigo and Atrium.

Alex Nelson will work as head of power and renewable energy at the carrier.

The carrier has appointed Ivan Sit to head up the operation.

A significant amount of new capacity has flowed into the political violence and terror market in recent months.

The executive will take up her role on 1 January 2025.

Chris Cane and Jaime Hunwicks join from Talbot, Jonathan Bint from Chaucer and Molly Ashcroft from Axis.

The underwriter has spent a decade at Chaucer.

The executive worked with Artificial Labs on Chaucer’s underwriting platform.

The executive will join the company next month, reporting to CUO Nicola Stacey.

The executive will replace David Bendle on his retirement at the end of 2024.

The terrorism product, led by Chaucer, will offer an initial line size of $100mn.

Casper was launched last year by Argenta deputy active underwriter Bradley Knight.

Joubert succeeds Wright, who was CRO for four years.

Combined ratios have improved as prices rise and investments return to profit.

The launch is Chaucer’s first foray into the class.

Alexander Baker was a senior PV, war and terrorism underwriter at Axa XL.

She replaces Mark Walker, who moved last year to become head of national business for the UK.

Milner was appointed CEO of Aspen UK in 2020 and has held a number of senior roles within the market.

Prior to his resignation, Stubbs held the role of deputy class underwriter at Chaucer Group.

The carrier said the decision was the culmination of a “series of strategic portfolio adjustments”.

Mallen previously spent over 10 years at Chaucer, most recently as a US casualty reinsurance underwriter.

The carrier is looking to grow its direct underwriting capabilities, focussing on the offshore wind market.

Insurance Insider explores how insurers can manage the dual, polar-opposite pressures of a litigious anti-ESG movement and net-zero climate activism.

The hires come as part of a restructure of the marine and energy segment of the business.

The carrier is hiring in its energy team following the resignation of natural resources head James Brown.

The London market businesses face potential fallout as Vesttoo investigates collateral inconsistencies.

The underwriter has worked at the carrier for almost 20 years and has a background in specialty reinsurance.

Chaucer joins RSA, Liberty and Axa in the quota share arrangement.

There is stiff competition in the renewables space as carriers look to establish positions in a growth market.

He steps into the role vacated by Richard Harries, who will retire at the end of the month after more than 26 years at the carrier.

Group CFO Rob Callan will take on the role of group interim CEO while Chaucer looks for a successor.

Andrew Pearce joins following a 16-year tenure at the consulting firm.

Simon Tighe is taking on the group ESG position in addition to his role as group head of investments and treasury at Chaucer.

Signatories of the UN’s PSI must abide by four key principles, including embedding insurance-related ESG issues into decision-making.

The underwriter will work out his notice period at Chaucer, which remains active in the natural resources class.

Syndicate 1084 reported an overall profit of $16.6mn compared to $129mn in 2021, as net incurred losses increased by just over $227mn.

The longstanding Chaucer underwriter left when the carrier exited the FI market last year.

Intellectual property coverage is seen as a growth market for traditional insurers.

The products are designed to protect against instances of purchased carbon credits failing to materialise.

Announcements and interviews at the UN conference have shed light on the tools emerging to help carriers decarbonise their underwriting portfolios.

Jodie Major worked for Chaucer’s financial institutions team, and the carrier has recently exited the market.

The carrier has also exited the downstream energy and financial institutions markets in recent weeks.

The move is the second recent class-of-business exit, with the business also having withdrawn from downstream energy.

Chaucer CEO John Fowle also set out to Insurance Insider the rationale for the carrier’s new ESG scorecard comprising 158 data points.

There has recently been a string of major claims in the downstream market, making underwriters question rating trajectory.

Chaucer’s global head of marine Philip Graham also chairs the influential facts and figures committee of the International Union of Marine Insurance.

The incoming cyber head will step into the role left by Laura Hunt, who joined AIG last month.

The commitment includes achieving greenhouse gas neutrality across its global underwriting and investment portfolios.

The carrier launched a dedicated renewable power offering at the start of 2022, led by Lyndsey Picton.

With the Lloyd’s Lab in its fourth year and poised to welcome cohort eight to its incubator, Insurance Insider examines its impact so far.

The syndicate also increased gross written premiums by 17.6% to $1.7bn, amid favourable market conditions in most classes.

The scorecard will assess a company’s ESG profile, taking areas such as water management, air pollution, D&I, and local infrastructure into account.

The energy division at Chaucer will now be split into two teams: renewable power and natural resources.

In his new role, Raj Nanra will be responsible for the leadership, strategic delivery and financial result of SLE Holdings (SLE Worldwide Australia).

Joe Murphy has left his senior underwriter post to join the Ryan Specialty Group-owned MGA.

The promotions precede the retirement of both Ed Lines, active underwriter of Syndicate 1084 and Colin Clulow, head of property division, at the end of 2021.

The upgrade seeks to reflect the strength of Chaucer Insurance Company and its parent company China Re’s balance sheets, S&P said.

The appointment follows the departure of underwriter Alex Harris, who has joined Antares.

The respected underwriter, who has worked at the business for more than two decades, will be replaced by Harriet Sharp.

The marine specialty unit will include marine PI and transport logistics and freight forwarder business.

Demand is growing for insurance capacity to cover less carbon-intensive energy sources.

Political risks and contract frustration coverage will now be available alongside the original political violence offering.

Specialty (re)insurer Chaucer has appointed Xamira Groves as its new head of insurance, where she will work closely with the group’s syndicates to expand global market share across multiple P&C lines.

Markel, Beazley, Hiscox, Chaucer, Brit and Liberty Specialty Markets are all participants in the product development.

The consortium, created with China Re, will later expand to include other lines of business.

The marine, energy and aviation chief will work as deputy active underwriter until the end of the year.

The Chaucer CEO on international expansion, casualty reserving and the long road to price adequacy.

The insurer is to occupy three floors in the tower, taking up 44,000 square feet of office space.

The local underwriting head steps up to run the Irish operation.

Ben Goldsmith was a political violence underwriter for just over two years and before was a vice president at Bowring Marsh.

Insider Deborah Wyatt takes his place, while Neil Edwards assumes the deputy head role.

April McLaughlin will manage and expand its multi-line reinsurance offering within the region.

Protest losses, which were covered under its property programme, came to around $100mn, leading some carriers to exclude the cover.

The Irish entity created for Brexit seeks authorisation on the island.

The former XL Catlin COO replaces Chris Stooke, who has spent almost a decade at the carrier.

The team had already expanded in December with hires from MS Amlin and Syndicate 2525.

Chaucer leads the standalone cover, bought after the Chilean retailer’s property policy excluded the risk.

The NAIC has given authorisation for Chaucer to write the lines of business through its Irish subsidiary from 1 January.

Senior hires join from Chubb, Brit and Liberty Specialty Markets.

Thomas Beasley joins from MS Amlin and Rob Neil from Syndicate 2525.

The product features fixed payment for a terrorism event within the insured’s post code, irrespective of physical damage.

An accelerated share buyback and a special dividend will complete the deployment of the $850mn generated through the China Re deal.

Head of specialty Peter Glanfield and head of professional indemnity David Cable are among those under consultation.

Colm Sheedy will work alongside senior class underwrtier Joe Murphy to expand the book.

The merger with Syndicate 2088 and a 2020 pre-emption brings the number of £1bn-plus syndicates at Lloyd’s to 11.

The rating outlook is stable.

Craig Curtiss and Callum Bennett will join a team run by Andrew Bauckham.

CEO John Fowle will relinquish the underwriting role on the arrival of Nicola Stacey.

Noufal Manzil joins from Talbot, which recently closed its Lloyd’s Dubai platform.

Jonathan Sutcliffe will become head of underwriting at Chaucer Dublin but remain active underwriter at Syndicate 2088 until the end of the year.

The platform offers on-demand insurance to commercial drone pilots.

The international GL specialist departs after nine years.

The disposals mark the completion of the US carrier’s $865mn sale of Chaucer to China Re.

The executive takes on management responsibility for aviation and marine .

The syndicate remained in the red in 2018.

The casualty specialist calls time after more than a decade at the carrier.

Richard Taylor joins the MGA from CMS.

David Bruce has been appointed CEO of the new subsidiary.

The regulatory investigation relates to coverage provided under a group insurance policy issued to the NRA.

Settle in for The Insurance Insider’s 12 days of Insurancemas.

The Brussels competition regulator sees no cause for concern arising from “horizontal overlaps” between the two entities.

Stamp movements show the aftermath of this year’s tough planning season.

The UK-based sidecar writes a quota share of the carrier’s treaty and D&F books.

The US carrier says buybacks will be a ‘meaningful component’ of its strategy as it rules out major M&A.

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.

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.

The Insider 50 contracted marginally last week as most companies in the index stagnated

The parties are waiting for an indication from the Chinese authorities on whether a deal would receive approval.

Carriers with a cornerstone position in one market have much to gain from operating on Lime Street.

In the newly created role, he will also collaborate with the cyber team of Chaucer.

The Chinese state-owned reinsurer is the high bidder by a substantial margin.

Bruce Carman’s new venture has named Will Gaunt as class underwriter.

Conservatism in The Hanover board could yet delay the outflow of Chinese money into the insurance sector.

Final round bids for The Hanover’s Lloyd’s business are due 29 June.