Chaucer Insurance Company authorised to write US excess and surplus lines
International specialty re/insurance group Chaucer has received confirmation from the NAIC to write excess and surplus lines business across the United States through its insurance company, Chaucer Insurance Company DAC, which is domiciled in Ireland.
The National Association of Insurance Commissioners (NAIC) confirmed that Chaucer Insurance Company has been added to its Quarterly Listing of Alien Insurers eligible to write excess and surplus lines business with effect from January 1 2020.
Chaucer Insurance Company has a financial strength rating of A (Excellent) from AM Best and an A- rating from Standard & Poor’s.
Welcoming the new authorisation, Michelle Moore, general manager of Chaucer Insurance Company, said: “Our increased US reach supports our strategy of providing seamless access to Chaucer's underwriting expertise and innovative specialty products through company or syndicate paper. This, as with our recent A rating from AM Best, will be of great benefit to our brokers and clients as we combine experienced underwriters with an unrivalled client service to provide a natural home for small and mid-sized specialty risks from the EU, the UK and the US.”
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