Insight and Intelligence on the London & International Insurance Markets 24 Apr 2018
Chaucer: the outperformer
- 10 April 2018
Strategic acquirers and financial bidders requesting the investor memorandum on Chaucer will find a top-15 Lloyd's business that has started to consistently outperform the broader market under The Hanover's ownership.
As revealed by The Insurance Insider on 28 March, The Hanover has appointed Goldman Sachs to run a sale process for Chaucer, the Lloyd's business the US insurer bought in 2011 for £313mn ($439mn).
Chaucer ran at a worse than market average combined ratio in the earlier years of ownership...
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