Chaucer
-
-
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.
Most Recent
-
Bermuda transitions to maturity – but challenges persist
29 April 2024 -
Beazley grows Q1 insurance written premium by 7%
29 April 2024 -
AM Best upgrades MS Re financial strength rating to A+
26 April 2024 -
Beazley’s Barnes resigns in latest energy market move
26 April 2024