Managing Agent Name: Chaucer Syndicates Limited
Subject: Disclosures Auction Season 2018
Syndicate(s) Affected: 1176
This statement has been prepared by Chaucer Syndicates Limited (Chaucer) for the purpose of disclosing to existing and prospective underwriting members of Syndicate 1176 (the Syndicate) information which may be of relevance to such members in considering their participation for the 2019 year of account (YOA).
China Reinsurance Group To Acquire Chaucer
On the 13th September 2018 The Hanover Insurance Group, Inc., (NYSE: THG) entered into a definitive agreement to sell Chaucer to China Reinsurance (Group) Corporation (China Re), subject to the successful completion of all legal and regulatory requirements.
Chaucer’s current Senior Management Team will continue to lead the business under the Chaucer brand through Lloyd’s Syndicates 1084 and 1176, international network, and underwriting
agencies, and CIC DAC, Chaucer’s insurance company in Dublin.
No alterations to the Senior Management team are anticipated as a result of the sale and purchase and Chaucer expects the regulatory process to conclude in either Q4 2018 or early Q1 2019.
Date issued: 18th September 2018
Agency contact name: Paul Armfield
Agency contact no: + 44 (0) 20 3105 8161
For auction office use only: D2018004
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