Chaucer Holdings

Chaucer Group is an insurance and reinsurance underwriting group operating as both a Lloyd’s syndicate and a (re)insurance company. The business has 100 years of history as part of the Lloyd’s market. Chaucer provides cover across all major insurance and reinsurance lines to clients in over 200 countries.

Headquartered in London, it also has offices in Dublin, Copenhagen, Singapore, Dubai, and Bermuda and a strategic hub in Miami. Chaucer employ more than 500 people worldwide, including more than 120 specialist underwriters.

Chaucer is a member of the China Re Group and backed by their financial and operational resources. China Re acquired Chaucer Holdings from The Hanover Insurance Group in late 2018.

In 2019, the group announced an alliance with insurtech firm Concirrus, who provide marine analytics to insurers for more accurate underwriting. As part of the partnership, Chaucer will benefit from the use of Concirrus’ Quest Marine platform, which analyses billions of historical and real-time data to look at marine risk in a more targeted way.

Also in 2019, Chaucer teamed up with decision platform provider, QOMPLX, to launch the world’s first multi-peril parametric insurance product tailored to provide coverage to SMEs. WonderCover offers coverage against cyber, IT interruption and terrorism events and ensures prompt payment on claims.

The company partnered with Artificial Labs in March 2020 to launch a new underwriting platform that specialises in high-volume specialty products. The machine learning-powered platform will provide digitised quote, bind and issue capabilities.

In November 2020 the company launched a new reinsurance branch in Bermuda, to provide US clients with greater access to its specialty underwriting expertise and capacity.

Parametric insurtech Yokahu partnered with global specialty (re)insurance group Chaucer in November 2021 to provide hurricane relief to those in the Caribbean.

In November 2022, Chaucer announced it would launch bespoke parametric wether solutions to the market with K2 Parametric.