Chaucer, the international specialty (re)insurance group, is pleased to announce it has received confirmation from the NAIC to write excess and surplus lines business across the United States through their insurance company, Chaucer Insurance Company, which is domiciled in Ireland.
The National Association of Insurance Commissioners (NAIC) confirmed that Chaucer Insurance Company has been added to its Quarterly Listing of Alien Insurers eligible to write excess and surplus lines business with effect from 01 January 2020.
Chaucer Insurance Company has a financial strength rating of A (Excellent) from AM Best and an A- rating from Standard & Poor’s. Both rating agencies acknowledge that Chaucer Insurance Company is a key engine for China Re’s international growth.
Welcoming the new authorisation, Michelle Moore, General Manager of Chaucer Insurance Company, said, “Our increased US reach supports our strategy of providing seamless access to Chaucer's underwriting expertise and innovative specialty products through company or syndicate paper. This, as with our recent A rating from AM Best, will be of great benefit to our brokers and clients as we combine experienced underwriters with an unrivalled client service to provide a natural home for small and mid-sized specialty risks from the EU, the UK and the US.”
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