Chaucer reports rise in GWP
Ewen Gilmour, CEO, said prospects for 2010 are "encouraging"
Chaucer has reported a 23.3% increase in gross written premium (GWP) to £650.3m for the first nine months of 2009 (Q3 2008: £527.3m).
In a statement, the company said premium rate increases of 6.1% has been achieved in 2009 across the underwriting portfolio and that the property division has benefited from a quiet Gulf of Mexico hurricane season.
It said that it has strengthened reserves in political risk trade credit by £23.5m on a net booked basis, that UK private car rates continue to
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk or view our subscription options here: https://subscriptions.insuranceage.co.uk/subscribe
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Insurer
Zurich names former financial services leader as new UK COO
Zurich UK has appointed Paul Norcott as chief operations officer, joining the executive committee with immediate effect.
End of Year Review 2025: Alps’ Michelle O’Reilly
Michelle O’Reilly, managing director at Alps, expresses disappointment that whilst some parts of the market have talked a good game on innovation and customer care, they have not followed through; and predicts 2026 could be the year the Financial Conduct Authority steps in with tougher measures on home insurance claim declinatures.
EY offers gloomier forecast for 2026 motor market with latest analysis
The UK motor insurance market is expected to only break even in 2025, and be loss-making in 2026, according to EY’s latest analysis.
End of Year Review 2025: Flood Re’s Kelly Ostler-Coyle
Kelly Ostler-Coyle, director of corporate affairs, Flood Re bemoans the fact that not enough brokers are talking to clients about Build Back Better and pays respect to “the Welsh titan of the insurance industry” Amanda Blanc.
The stats: Commercial rates reduce significantly in Q3 2025
The value of a typical commercial book of business has fallen for the first time since 2018, driven by negative premium movements in commercial combined, property owners and combined liability, reports Ida Axling.
New roles for Tonge and Grazier as Bspoke reshapes management structure
Bspoke Group has named Nick Grazier as group sales and marketing director and Wayne Tonge as group commercial managing director.
Meet the MGA: Arrow Risk Management
Arrow Risk Management CEO Jon Godfray explains how the MGA combines decades of expertise, cutting edge technology and underwriting excellence to create what he hopes the market recognises as a ‘quality shop’.
US insurer to target new brokers with company market play
Westfield Specialty International has announced plans to expand its business from a Lloyd’s-only vehicle into the company market.