Specialty (re)insurance coverage group Chaucer has outlined two key priorities because the enterprise celebrates its one centesimal anniversary.
“Chaucer has enjoyed 100 years of growth, and we’re very excited about what the future has in store as we move into our second century,” mentioned Chaucer chief govt John Fowle, whose camp needs to change into a market chief in ESG (environmental, social, and governance) and sustainability.
“Chaucer’s commitment to sustainability and measurable ESG progress underscores everything that we do as a firm, and we hope to further build upon our reputation in this area.”
In September, in collaboration with built-in threat evaluation agency Moody’s, Chaucer launched its ESG Balanced Scorecard which spans underwriting, investments, and operations.
Meanwhile, one other precedence for Chaucer is to supply protection for underserved markets by the use of innovation. A key focus space, mentioned the worldwide underwriting group, would be the additional growth of Chaucer’s providing of parametric and microinsurance merchandise.
“We believe innovation is key to supporting transition and social development, and we are determined to constantly seek solutions to new or unsolved insurance problems,” mentioned Fowle.
“We’re extremely fortunate to have growth opportunities in front of us that can be both profitable and support our ESG strategy. There’s much to be looking forward to in the years ahead.”