Chaucer CEO Fowle to step down after ‘hugely fulfilling’ 20+ years at the carrier
Chaucer’s CEO John Fowle (pictured) has decided to step down from the carrier at the end of the month, bringing an end to his 20-year journey with the specialty Lloyd’s insurer.
Fowle is to step down from his role as group CEO of Chaucer, effective from June 30, 2023. He joined Chaucer in 2002 and was appointed CEO in 2017.
In addition to his role as group CFO, Rob Callan will also take on the role of interim group CEO, subject to regulatory approval, while the search for Fowle’s successor is underway.
Fowle said: “The past six years as Group CEO of Chaucer have been hugely fulfilling. I have a great affection for Chaucer and its people. I am incredibly proud of the strength of our culture and the results we have delivered together.
“After 20 years with Chaucer, however, I have decided that it is the right moment in my career to step aside and pursue new opportunities, letting the next leader of Chaucer build on what we have achieved.”
Fowle added: “I am happy that I leave the business in great shape, with a fantastically capable senior team, brilliant colleagues, and a very supportive owner in China Re. I wish everyone in Chaucer the very best for the future.”
Paul Jardine, non-executive chair of Chaucer, said: “I would like to take the opportunity to thank John on behalf of the Board and our colleagues across Chaucer for his leadership over the last 20 years. John has been an inspirational Group CEO and leaves Chaucer in an extremely strong position to thrive as we look forward.
“He has been instrumental in driving the successful performance of the business over many years and particularly since Chaucer was acquired by China Re. The business has delivered on the five-year post-acquisition plan, including the doubling in size of the business while delivering market leading results. John will be greatly missed and we wish him well for the future.
Jardine added: “We are now entering into a process of identifying John’s successor but, with Rob as interim Group CEO, and the combination of our hugely talented leadership team and our superb colleagues, the business is in very capable hands.”
He Chunlei, chairman of China Re Group, said: “We would like to extend our sincere thanks to John for his leadership since Chaucer became part of China Re. As Chaucer Group CEO, he has overseen the organisation’s exceptional performance during that time.
“Chaucer is fortunate to have such a strong leadership team and strong culture across the organisation that will enable its continued prosperity. We are proud and committed owners of Chaucer and we are very much looking forward to its continued growth and future success.”
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