Chaucer creates Dublin subsidiary, hires former Markel Europe COO as head

Chaucer, an insurance group underwriting at Lloyd's, has launched a Dublin-based subsidiary to write international specialty re/insurance business, after receiving approval from the Central Bank of Ireland.

The company has appointed Michelle Moore, former managing director and chief operating officer of Markel Europe, to lead Chaucer Dublin. Moore has over 20 years of experience in the international insurance and reinsurance markets, including senior executive roles in Dublin, London and Bermuda.

Chaucer underwrites at Lloyd’s through Syndicate 1084, which operates across international marine and non-marine markets, and Syndicate 1176, an insurer of nuclear risk.

“Our new carrier in Dublin increases our trading capabilities and flexibility, providing a complementary platform to Lloyd’s for client business,” said Rob Callan, chief finance officer at Chaucer. “We have received excellent support from the Central Bank of Ireland throughout the authorisation process and now look forward to working with our new team in Ireland to provide a first class international specialty platform for clients.”

Moore added: “I am delighted to be joining Chaucer to lead its new operation in Ireland. We see this as complementary to our Lloyd’s portfolio and a significant addition in our efforts to provide brokers and clients with an innovative and first class service.”

Martin Shanahan, CEO IDA Ireland, commented: “Over the last 20 years, Ireland has earned a deserved reputation as a centre of excellence for international specialty insurance.

"Chaucer’s choice of Dublin for this operation is another important signal to the market that financial services companies can establish here quickly in order to service their international and European customers, with minimum disruption to their business. Ireland has the right mix of regulation, skills, experience and office space to make us a very logical place for financial services to locate.”

Chaucer is a subsidiary of US-based The Hanover Insurance Group.

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