Chaucer Insurance
Chaucer estimates Japan losses at between £27m and £35m
Chaucer Holdings has revealed an exposure to the Japanese tsunami-earthquake on 11 March 2011 of between £27.5 - £35m. As a result of this and other recent natural catastrophe events, Chaucer said it is to seek a “marked rise” for its catastrophe cover.
First Russian coverholder partnership launched
Chaucer Syndicates and RFIB have partnered with Moscow-based Nakhodka Re to launch Sea Line – the first Lloyd’s coverholder in Russia.
Chaucer reduces 2010 cat loss estimates
Chaucer has reduced its best estimate for claims arising from the 2010 New Zealand earthquake and Australian floods.
Reinsurance sector braced for huge losses in Japan
The global reinsurance industry is positioned to absorb the impact of the Japanese earthquake — even if the insured losses reach $35bn (£21.7bn).
Chaucer confirms Japan nuclear plant involvement
Chaucer has confirmed it provides cover for Tokyo Electric Power Company, the owner and operator of three nuclear plants affected by the 11 March earthquake and tsunami. However the firm has played down the chances of a significant loss from the…
Novae: UK corporation tax may force us to redomicile
Novae chief executive Matthew Fosh has said the UK’s economic landscape is set to force the insurer to redomicile, so it can remain competitive and yield bigger returns for shareholders.
Chaucer profits fall due to cat exposure
Chaucer has attributed its fall in profit and property underwriting loss to its exposure to global catastrophes.
Chaucer reports £32.9m profit
Chaucer has reported profit before tax and foreign exchange on non-monetary items of £34.8m (2009 £75.3m) and profit before tax of £32.9m (2009 £42.0m).
Insurer mergers & acquisitions: Is 2011 the time to strike?
After a lean period for insurer mergers and acquisitions through the economic downturn, Daniel Dunkley reports that the first rays of sunlight might begin to show in 2011.
Post Intelligence Benchmarking: How do insurers measure up in the high net worth market
High net worth clients demand a high standard of service, as do their brokers, but which insurers are delivering it? Peter Joy unveils the answer.
Editor's comment: Never mind the setbacks
"There's unlimited supply. And there is no reason why". No, I'm not talking about the overcapacity in the UK motor market, but the opening lines to EMI by the Sex Pistols.
Chaucer confirms bid rumours as Terra Firma enters frame
Chaucer has again become the subject of speculation in the market after it was revealed "a number" of potential buyers have made provisional approaches for the firm.
Insurer scoffs at ABI gender ruling warning – Insurance News Now – 10 February 2011
Post news editor Mairi MacDonald outlines this week’s major general insurance stories, including the refusal of specialist female insurer Shelia’s Wheels to accept the Association of British Insurers’ suggestion that it could potentially have to re…
Terra Firma confirms Chaucer interest
Private Equity giant Terra Firma has confirmed a potential bid for Lloyd’s of London insurer Chaucer’s entire issued share capital.
Chaucer confirms potential offers
Chaucer has confirmed that it has received a "number of approaches" recentlly, regarding a possible offer.
Chaucer completes coverholder partnership with CMS
Chaucer has completed a new coverholder partnership with Coastal Marine Services to underwrite hull and machinery and protection and indemnity risks.
Staysure to double headcount in push
Over-50s insurance provider Staysure plans to more than quadruple the premium of its newly launched motor and home products to £5m and double its headcount to 90.
Putin pledges to battle FSA over Alfa Bank
Russian prime minister Vladimir Putin has pledged to help private Russian bank Alfa in its dispute with the Financial Services Authority, according to reports in the Russian media.
2011 tipped to finally see an upturn in Lloyd's M&A action
Takeover speculation among Lloyd's insurers look set to continue throughout 2011, after Canopius kicked off the year with an approach for rival Omega.
Amlin revises NZ earthquake estimate
Insurer Amlin has revised its New Zealand earthquake claims estimate from $75m (£48.1m) to $160m.
Chaucer estimates $20m NZ earthquake exposure
Lloyds insurer Chaucer has increased its estimated exposure to the earthquake in New Zealand from $12.5m (£8m) to $20m.
Lloyd’s & London market – review of the year: Troubled times
A succession of natural catastrophes got 2010 off to a bad start and the market continued to struggle - but the resolution of Brit’s future and the prospect of consolidation could see the year end on a high. Mairi Macdonald reports.
Chaucer's international liability division opens for business
Chaucer's new international liability division is now accepting business, the company has announced.
Chaucer ups underwriting interest in Lloyd's by 7.65% in 2011
Chaucer Holdings, the Lloyd's specialist insurance group, today announced that following completion of the Lloyd's coming-into-line process, including reinsurance arrangements, its total underwriting interests will be £707.2m for 2011.