Insight and Intelligence on the London & International Insurance Markets 24 Apr 2018

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Chaucer places part of 2015 YoA into run-off

  • John Hewitt Jones 29 March 2018
  • Chaucer is set to reinsure to close (RITC) its UK division's book of business for the 2015 year of account (YoA).

    The carrier announced the plan in Syndicate 1084's results for 2017. The news follows confirmation yesterday that Chaucer parent The Hanover is considering selling the Lloyd's business.

    Antares Syndicate 1274 will assume liability for the UK division's book for the 2015 YoA for a nominal £1 ($1.41) since the reserves were zero as of year-end.

    Chaucer has clearance from...

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