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Chaucer appointed Penny as Chief Risk Officer in January 2016 with responsibility for the performance of Chaucer’s enterprise wide risk management framework and its constituent parts. She is responsible for the overall performance, direction and management of enterprise risk management, underwriting risk management, exposure management as well as responsibility for legal, compliance and corporate governance functions. Since 2014 Penny has been an executive member on the Board of Directors of Chaucer Syndicates Limited.
Penny joined Chaucer in August 2014 and from 2017 – 2018 she was Group Chief Risk Officer for The Hanover Insurance Group and Chaucer. Before joining Chaucer she was Group Chief Risk Officer at Hiscox. Prior to this, Penny was with ACE (now Chubb) for 10 years, most recently as European Head of Risk Management & Capital with responsibility for Solvency II and joint responsibility for Chubb’s global capital model build and implementation. Penny is a qualified Actuary and has over 20 years insurance industry experience.