New CEO at Chaucer ushers in fresh c-suite line-up on day one
The newly appointed CEO of global specialty re/insurance group Chaucer reshuffled his c-suite upon taking his post, tapping Chaucer insiders to pack the board with modelling and risk talent.
Freshly minted CEO Richard Milner made CFO out of the to-date chief risk officer James Wright, then took the group’s head of global modelling Werner Joubert to fill Wright’s vacated chief risk officer post.
Rob Callan, Chaucer’s interim CEO and CFO, will stay on in the short term to ensure a smooth transition before his planned retirement.
Wright joined Chaucer in 2006 working on capital model development. His career of eighteen years at Chaucer includes five years as head of capital modelling and four years as chief risk officer including stints with pricing and reserving.
Joubert joined Chaucer in 2016 and was the head of capital modelling from 2020 where he developed Chaucer’s risk modelling capabilities. Prior to joining Chaucer, he spent four years at accounting firm Ernst & Young and two years at Aon Consulting, specialising in actuarial services, mapping and evaluating the financial impact of risk.
Milner previously held several senior roles at Aspen, including UK CEO, as well as at Axis Re. He has experience in Lloyd’s and across international markets.
Milner said: “Chaucer has an excellent reputation for the experience and expertise of its talented people, as evidenced by James and Werner’s deserved promotions. I’m looking forward to guiding Chaucer as it continues to develop its position as a leading global underwriting group.”
Chairman of Chaucer, Paul Jardine said: “It’s a great pleasure to see James continue a very successful career with our group. Chaucer has always invested in internal talent development as a priority, and James’ successes serve as testament to this. I am excited to see him continue his trajectory at Chaucer in the role of Chief Financial Officer.”
Jardine said: “Congratulations to Werner, whose promotion is another reflection of the exceptional talent within our firm. He has been a valued leader at Chaucer for eight years and his strong track record in risk modelling will be of great value as he now assumes a vital strategic role within Chaucer.”
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