The London-based Chaucer Syndicates Limited, the managing agency subsidiary of Lloyd’s insurer Chaucer Holdings PLC, has announced plans for the formation of a new Singapore-based company to underwrite Asian risks.
“The proposed new company, which will initially underwrite offshore energy and other marine lines on behalf of Chaucer Syndicate 1084, will appoint Chris Wildee as Chief Executive,” said the announcement.
“Chris is a highly respected energy underwriter with over a decade of Lloyd’s market experience,” it added. “Creation of the new company and appointment of the Chief Executive is subject to the regulatory approvals of the Monetary Authority of Singapore and Lloyd’s.”
Chaucer noted the new venture, which, it said “complements Chaucer’s Danish operation, supports the long-term objectives of broadening the distribution channels to increase the breadth and quality of business shown to the Group.”
Wildee, speaking on behalf of the new business, noted: “Forming this company in Singapore offers Chaucer an excellent platform from which to expand its presence in the Asian marketplace. This new office will mean we can offer a closer level of service to existing and new clients alike.”
Bruce Bartell, Active Underwriter of Syndicate 1084, added: “We are delighted to welcome Chris Wildee to Chaucer and look forward to working with him to build a successful Singapore base for Syndicate 1084. This expansion of our operations demonstrates Chaucer’s commitment to exploring the growth opportunities that Asia offers and to help bring new business to the Lloyd’s market.”
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