Chaucer
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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.
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The insurer is weighing up options including entering new geographies and M&A.
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Chance Gilliland spent a decade at Chubb underwriting property binders.
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The executive will oversee Howden Re’s treaty and fac business in Miami.
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The announcement comes after similar launches with Inigo and Atrium.
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Alex Nelson will work as head of power and renewable energy at the carrier.
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The carrier has appointed Ivan Sit to head up the operation.
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A significant amount of new capacity has flowed into the political violence and terror market in recent months.
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The executive will take up her role on 1 January 2025.
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Chris Cane and Jaime Hunwicks join from Talbot, Jonathan Bint from Chaucer and Molly Ashcroft from Axis.
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The underwriter has spent a decade at Chaucer.
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The executive worked with Artificial Labs on Chaucer’s underwriting platform.
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The executive will join the company next month, reporting to CUO Nicola Stacey.
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The executive will replace David Bendle on his retirement at the end of 2024.
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The terrorism product, led by Chaucer, will offer an initial line size of $100mn.
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Casper was launched last year by Argenta deputy active underwriter Bradley Knight.
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Combined ratios have improved as prices rise and investments return to profit.
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The launch is Chaucer’s first foray into the class.
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Alexander Baker was a senior PV, war and terrorism underwriter at Axa XL.
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She replaces Mark Walker, who moved last year to become head of national business for the UK.
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Milner was appointed CEO of Aspen UK in 2020 and has held a number of senior roles within the market.
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Prior to his resignation, Stubbs held the role of deputy class underwriter at Chaucer Group.
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The carrier said the decision was the culmination of a “series of strategic portfolio adjustments”.
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Mallen previously spent over 10 years at Chaucer, most recently as a US casualty reinsurance underwriter.
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The carrier is looking to grow its direct underwriting capabilities, focussing on the offshore wind market.
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Insurance Insider explores how insurers can manage the dual, polar-opposite pressures of a litigious anti-ESG movement and net-zero climate activism.
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The hires come as part of a restructure of the marine and energy segment of the business.
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The carrier is hiring in its energy team following the resignation of natural resources head James Brown.
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The London market businesses face potential fallout as Vesttoo investigates collateral inconsistencies.
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The underwriter has worked at the carrier for almost 20 years and has a background in specialty reinsurance.
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Chaucer joins RSA, Liberty and Axa in the quota share arrangement.
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There is stiff competition in the renewables space as carriers look to establish positions in a growth market.
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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.
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Group CFO Rob Callan will take on the role of group interim CEO while Chaucer looks for a successor.
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Andrew Pearce joins following a 16-year tenure at the consulting firm.
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Simon Tighe is taking on the group ESG position in addition to his role as group head of investments and treasury at Chaucer.
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Signatories of the UN’s PSI must abide by four key principles, including embedding insurance-related ESG issues into decision-making.
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The underwriter will work out his notice period at Chaucer, which remains active in the natural resources class.
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Syndicate 1084 reported an overall profit of $16.6mn compared to $129mn in 2021, as net incurred losses increased by just over $227mn.
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The longstanding Chaucer underwriter left when the carrier exited the FI market last year.
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Intellectual property coverage is seen as a growth market for traditional insurers.
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The products are designed to protect against instances of purchased carbon credits failing to materialise.
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Announcements and interviews at the UN conference have shed light on the tools emerging to help carriers decarbonise their underwriting portfolios.
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Jodie Major worked for Chaucer’s financial institutions team, and the carrier has recently exited the market.
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The carrier has also exited the downstream energy and financial institutions markets in recent weeks.
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The move is the second recent class-of-business exit, with the business also having withdrawn from downstream energy.
