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Find out more about Chaucer in the news, including new underwriting appointments, financial performance and our work in the community

Chaucer, the specialist Lloyd’s insurance group, has appointed Jonathan Bint as Political Risk Underwriter & Analyst.

Jonathan has been recruited to help drive Chaucer’s continued expansion of their political risk and trade credit product range alongside Deborah Wyatt, Head of Emerged Markets, who joined Chaucer in March to spearhead the development of the Political Risk Team’s solutions for emerged markets.

Jonathan has over two decades of financial markets experience and has worked with underwriters, regulators and rating agencies in the field of credit analysis, most recently as part of the credit and political risk underwriting team at XL Catlin. 

Nick Kilhams, Head of Political Risk and Trade Credit at Chaucer commented:

“With Jonathan on board, our Emerged Markets Team is now fully in place and open for business.  Jonathan is an excellent political risk analyst and in partnership with the team, at Chaucer we can now provide brokers and clients with comprehensive solutions for all their political risk and trade credit needs.”

Jonathan Bint, Political Risk Underwriter & Analyst at Chaucer added:

“I have joined Chaucer at an exciting time. I am pleased to be part of this growing team as we launch our enhanced political risk and trade credit solutions to meet brokers and clients’ requirements in the emerged markets.”

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Chaucer, the specialist Lloyd’s insurance group, has appointed Andy Wells to launch Chaucer’s suite of Marine Professional Indemnity products.  This is the latest addition to Chaucer’s growing range of specialty solutions for marine and non-marine brokers and clients.

Andy Wells is a highly experienced and respected underwriter with over 26 years of marine industry experience. Andy joins Chaucer from Travelers Syndicate Management, where he underwrote a marine ports, professionals and logistics portfolio.

Andrew Voke, Marine Practice Head at Chaucer, commented:

“Andy Wells has an excellent reputation as an underwriter and, together with our Marine and Casualty Teams, I am sure that he will offer an excellent professional indemnity solution for marine brokers and clients.”

Andy Wells, Marine Professional Indemnity Underwriter at Chaucer, added:

“I am excited at the prospect of taking Chaucer’s market leading professional indemnity product range to the marine market. These products will further enhance Chaucer’s leading specialty position in marine, as together we aim to provide clients and brokers with a single destination for their marine requirements.”

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The Hanover Reports First Quarter Net Income of $1.80 per Diluted Share; Record First Quarter Operating Income(1) of $1.64 per Diluted Share; Combined Ratio of 95.0%, including Catastrophe Impact of 2.7 points

WORCESTER, Mass., May 4, 2016 - The Hanover Insurance Group, Inc. (NYSE: THG) today reported net income of $78.2 million, or $1.80 per diluted share, for the first quarter of 2016, compared to net income of $54.9 million, or $1.22 per diluted share, in the prior-year quarter. Operating income was $71.5 million, or $1.64 per diluted share, for the first quarter of 2016, compared to $57.1 million, or $1.27 per diluted share, in the prior-year quarter.
First Quarter

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Chaucer, the specialist Lloyd’s insurance group, today announces the formation of a strategic partnership with AXA to support the development of specialty insurance business in Africa.

The partnership with AXA’s African distribution network will help Chaucer to extend its specialty underwriting reach and access more specialty business in this rapidly growing market. Chaucer currently has a 12% share of Lloyd’s of London premiums written in the region and is a market leader in African specialty insurance business. Chaucer will share the specialty business with AXA through the formation of a Special Purpose Syndicate.

Johan Slabbert, Chief Executive Officer of Chaucer, said,

“We are delighted to be AXA’s chosen partner in developing specialty insurance business in Africa. This partnership highlights the growth opportunities that this region provides, as well as demonstrates our capabilities in emerging markets and our talent for working creatively with industry partners. Our strategic alliance with AXA will deepen our access to the African marketplace, which will produce significant advantages for Chaucer in the years ahead.”

Denis Duverne, Deputy Chief Executive Officer of the AXA Group, said,

“Lloyd’s of London is a unique underwriting institute and we are honoured to become a member of this esteemed community and, under its banner, to be able to better serve the needs of policyholders and brokers in Africa. Our strategic partnership with Chaucer is important to the success of this venture, and I wish to thank them for their first class endeavours to date and look forward to our future success together

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Chaucer, the specialist Lloyd’s insurance group, has formed the market-leading team of Graham Hooper and Bryan Rettmann to head the development of its new freight forwarder and logistics insurance unit. Graham and Bryan are the latest additions to Chaucer’s growing range of specialty solutions for brokers and clients.

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Chaucer, the specialist Lloyd’s insurance group, was a proud supporter of the National Apprenticeship Week, sharing its apprentice success stories throughout the business and launching its 2016 Underwriting Apprenticeship Programme.

The National Apprenticeship Service coordinates the Week, from 14 to 18 March, which celebrates apprenticeships and their positive impact on individuals, businesses and the wider economy.

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