Chaucer Holdings
Chaucer Holdings is a specialist insurance business, with headquarters in the City of London, underwriting risks at Lloyd's of London, the world's insurance and reinsurance market. Chaucer is a member of The Hanover Insurance Group, Inc. (NYSE: THG), based in Worcester, Massachusetts, and ranked among the top 25 property and casualty insurers in the United States.
Chaucer was acquired by The Hanover Insurance Group in 2011.[1]
Business written
Chaucer currently manages two Syndicates at Lloyd’s – Composite 1084 and Nuclear 1176 which together underwrite some 42 classes of business.
Energy encompassing exploration and production, construction, downstream, operational power and renewables, insuring against physical damage, business interruption, control of well, seepage and pollution and liabilities. Energy also includes a nuclear account, which provides coverage across the nuclear fuel cycle.
Marine and aviation including worldwide direct, facultative and treaty business. The marine account provides cover for hull, liability, war, terrorism, cargo, political risk, specie, fine art and satellite. The aviation account insures airline hull and liability, general aviation, refuellers and aviation products.
Property including treaty business, as well as direct and facultative coverage for commercial and industrial risks against physical damage and business interruption. The treaty account covers cedants on a global basis, predominantly on an “excess of loss” basis for both per risk and catastrophe coverage, with a limited amount of proportional treaty and reinsurance assumed business.
U.K. motor providing primary insurance coverage to U.K. motor policyholders. Chaucer writes personal automobile, commercial and fleet polices, as well as specialist classes, including motorcycles, motor trade, agricultural, taxi, classic and specialist vehicles. In addition, the U.K. motor line includes a small amount of commercial property damage and liability polices protecting small/medium-sized enterprises.
Casualty and other including liability coverage for professional and commercial risks on a direct and treaty basis, crime and professional liability coverage for financial institutions, medical malpractice and excess workers’ compensation.