Chaucer, the global specialty (re)insurance group, has announced the promotion of Chris Baker to the position of head of global reinsurance. In his new role, Baker will be responsible for overseeing all lines of reinsurance business and territories.
Baker has nearly two decades of industry experience. He joined the company in 2004 as a marine and energy reinsurance underwriter. Over the years, he has held various leadership positions within the organisation, including head of specialty reinsurance in 2016 and head of international and specialty reinsurance in 2020. Baker is a Chartered Insurer and has recently served as deputy chairman of the LMA Marine Reinsurance Committee.
Chaucer has experienced significant growth in its reinsurance book over the past five years, with a 120% increase across all major lines. The Chaucer Group's gross premium written has also seen a substantial rise, from US$1.3 billion in 2018 to US$2.4 billion in 2022.
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“I would like to congratulate Chris on his well-earned promotion, and I am delighted that he has accepted this new challenge,” said Nicola Stacey, chief underwriting officer at Chaucer. “Chris has played an integral role over the years in developing Chaucer’s reinsurance strategy.
“He has been a key player in ensuring the service we provide to brokers and clients is second to none. His deep understanding of our business and risk appetite will be critical to our ongoing development as a leading global (re)insurance group.”
Baker said: “Leading Chaucer’s high-performing global reinsurance team is an exciting opportunity, and I look forward to extending our value proposition to brokers and clients,” Baker said. “Working with such an accomplished and collegiate team has been a huge privilege, and I’m very much looking forward to helping further develop Chaucer’s reinsurance portfolio.”
Chaucer also recently announced the appointment of Andrew Pearce as non-executive director. In May, the company appointed Simon Tighe as group head of environmental, social and governance.
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