Chubb, Hiscox, Tokio, Other Lloyd’s Underwriters Form Innovation Facility to Insure Emerging Risks June 26, 2019 A group of Lloyd’s underwriters has launched a new facility with £53 million ($67.5 million) of capacity that is designed...
China Re Completes Purchase of Chaucer Holdings from Hanover Insurance December 31, 2018 China Reinsurance (Group) Corp. announced it has completed the 100 percent equity acquisition of Chaucer Holdings Ltd. — the major...
JBA Risk Management Launches India Crop Model for Re/Insurers as El Niño Looms November 15, 2018 JBA Risk Management (JBA), the UK-based modeling firm, has launched an India crop catastrophe model for the re/insurance market. More...
Hanover Insurance May Follow Chaucer Sale with Talent Hiring, Acquisition September 17, 2018 By Mark Hollmer The Hanover Insurance Group could use some of the $950 million it will make from selling its Chaucer international specialty...
Hanover Insurance to Sell Specialty Unit Chaucer to China Re for $950 Million September 13, 2018 The Hanover Insurance Group has agreed to sell Chaucer, its Lloyd’s-focused international specialty business, to China Reinsurance Group Corp. for...
U.S. Sanctions Likely to Ban Use of Lloyd’s IT Platform for Processing Iran Insurance July 16, 2018 By Carolyn Cohn and Jonathan Saul New U.S. sanctions are likely to prevent the use of a Lloyd’s of London IT platform for any Iran insurance,...
Hanover Insurance Weighs Selling London Specialty Unit Chaucer March 28, 2018 By Andrew G. Simpson The Hanover Insurance Group is weighing the sale of its international specialty insurance business, London-based Chaucer. The Worcester, Mass.-based company...
The Hanover, Chaucer Form Reinsurance Sidecar to Tap 3rd Party Capital December 22, 2017 The Hanover Insurance Group Inc. announced that Chaucer, the company’s international specialty insurance group, has sponsored the formation of a...
UK P&I Insurer Chooses Dublin as EU Headquarters After Brexit November 21, 2017 By Carolyn Cohn and Jonathan Saul British ship insurer Standard Club is setting up a new European Union subsidiary in Dublin in case Britain loses access...
UK P&I Insurer North to Form Dublin Subsidiary as EU Post-Brexit Hub November 20, 2017 By Jonathan Saul British ship insurer North is setting up a new European Union subsidiary in Dublin in case Britain loses access to...