China Re completes Chaucer deal

The Lloyds building in London

China Reinsurance announced the completion of its takeover of Chaucer Holdings from The Hanover Insurance Group on 31 December 2018.

The deal, for $950m (£726m), was previously revealed in September last year after news of Chaucer being for sale first came out in March.

The latest step saw the 100% equity acquisition of Hanover Insurance International Holdings, go through.

However the buyout of Chaucer Insurance Company (Chaucer Dublin) and Hanover Australia remains subject to local

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: