Chaucer, an international specialty reinsurance group, has received confirmation from the National Association of Insurance Commissioners (NAIC) that it can write excess and surplus lines business across the US through its insurance company, Chaucer Insurance Company DAC, which is domiciled in Ireland.
Chaucer Insurance Company has a financial-strength rating of A (excellent) from AM Best and an A- rating from Standard & Poor’s. The NAIC has added the company to its Quarterly Listing of Alien Insurers eligible to write excess and surplus lines business.
“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,” said Michelle Moore, general manager of Chaucer Insurance Company. “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 unrivaled client service to provide a natural home for small and mid-sized specialty risks from the EU, the UK and the US.”
