Chaucer
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Insider Deborah Wyatt takes his place, while Neil Edwards assumes the deputy head role.
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April McLaughlin will manage and expand its multi-line reinsurance offering within the region.
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Protest losses, which were covered under its property programme, came to around $100mn, leading some carriers to exclude the cover.
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The Irish entity created for Brexit seeks authorisation on the island.
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The former XL Catlin COO replaces Chris Stooke, who has spent almost a decade at the carrier.
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The team had already expanded in December with hires from MS Amlin and Syndicate 2525.
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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.
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Senior hires join from Chubb, Brit and Liberty Specialty Markets.
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Thomas Beasley joins from MS Amlin and Rob Neil from Syndicate 2525.
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The product features fixed payment for a terrorism event within the insured’s post code, irrespective of physical damage.
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An accelerated share buyback and a special dividend will complete the deployment of the $850mn generated through the China Re deal.
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