The International Underwriting Association has announced Chaucer Insurance Company DAC as its newest member company.
The firm was established last year, as part of the wider Chaucer group, to write a broad range of international specialty insurance business. It offers clients greater choice and flexibility, providing a complementary platform to Chaucer’s Lloyd’s operation and supporting international development strategies.
Dave Matcham, Chief Executive of the IUA, said: “Chaucer is a well-established and highly respected name in the London Market after many years of operation in Lloyd’s. With the formation of a company market platform, they are a great name to add to the IUA’s growing list of members.
Joining the IUA enables companies to access a wide range of research and resources and provides the opportunity to influence market developments and add to our increasingly influential representative voice.
“I am delighted to welcome Chaucer staff and look forward to their active contributions across our underwriting, claims, market modernisation and public policy activities.”
Michelle Moore, General Manager of Chaucer Insurance Company DAC, said: “Our new carrier has increased Chaucer’s trading capabilities and flexibility, offering first class international specialty expertise to clients.
“IUA membership will further support our development, providing valuable back up services for everyday operations across our organisation.”
Chaucer is one of 49 IUA member companies. The association’s annual statistical survey of the London company market showed the sector had an overall premium income of £22.725bn in 2016.