Chaucer and AXA partner on specialty business in Africa
Specialist Lloyd’s insurance group Chaucer has formed a strategic partnership with AXA to support the development of a new specialty insurance business in Africa.
The partnership with AXA’s African distribution network will help Chaucer to extend its specialty underwriting reach and access more specialty business in this rapidly growing market.
Chaucer currently has a 12 percent share of Lloyd’s of London premiums written in the region and is a market leader in African specialty insurance business. Chaucer will share the specialty business with AXA through the formation of a Special Purpose Syndicate.
Johan Slabbert, chief executive officer (CEO) of Chaucer, said: “We are delighted to be AXA’s chosen partner in developing specialty insurance business in Africa. This partnership highlights the growth opportunities that this region provides, as well as demonstrates our capabilities in emerging markets and our talent for working creatively with industry partners.
“Our strategic alliance with AXA will deepen our access to the African marketplace, which will produce significant advantages for Chaucer in the years ahead.”
Denis Duverne, deputy CEO of the AXA Group, added: “Lloyd’s of London is a unique underwriting institute and we are honoured to become a member of this esteemed community and, under its banner, to be able to better serve the needs of policyholders and brokers in Africa.
“Our strategic partnership with Chaucer is important to the success of this venture, and I wish to thank them for their first class endeavours to date and look forward to our future success together.”
Already registered?
Login to your account
If you don't have a login or your access has expired, you will need to purchase a subscription to gain access to this article, including all our online content.
For more information on individual annual subscriptions for full paid access and corporate subscription options please contact us.
To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.
For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk
Editor's picks
Editor's picks
More articles
Intelligent Insurer
Newton Media Ltd
Kingfisher House
21-23 Elmfield Road
BR1 1LT
United Kingdom