Chaucer Group Explained

Chaucer Group
Type:Private company
Industry:Reinsurance
Founded:1987
Founders:Bob Laslett
Key People:Richard Milner (CEO)[1]
Hq Location City:London

Chaucer Group is an international specialty insurance and reinsurance group. It is headquartered in London, with offices overseas.

History

The company was established by Bob Laslett in 1987. It was subsequently listed on the London Stock Exchange. It was then acquired by Hanover Insurance for £313 million in April 2011.[2] It was the subject of a management buyout supported by Growth Capital Partners in February 2014.[3]

Chaucer was acquired by China Reinsurance (Group) Corporation (China Re) for $950m (£766m) in 2018.[4] [5]

External links

Notes and References

  1. News: Chaucer Group names new CEO. Insurance Business Magazine. 17 January 2024.
  2. News: Hanover buys Chaucer for £313m. 20 April 2011. Insurance Times. 25 February 2024.
  3. Web site: GCP back buyout of Chaucer Group Limited. 28 February 2014. Growth Capital. 25 February 2024.
  4. News: Chaucer CEO exits to pursue ‘opportunities’. 6 June 2023. Post Online. 25 February 2024.
  5. News: China Re Completes Purchase of Chaucer Holdings from Hanover Insurance. 31 December 2018. Insurance Journal. 25 February 2024.