Chaucer Holdings Plc

Two thousand and seven was a good year for Chaucer. The company increased its net profits by 16.5% from £59.3mn in 2006 to £69.1mn in 2007. Although this was due to improved performances in all of the company’s three main revenue generating areas i.e. underwriting, investment and the third party capacity management, the improvement in the underwriting result was a little less straight forward than in the other areas

The Lloyd’s of London based insurer and reinsurer, Chaucer Holdings, which wrote a gross premium income of £584.1mn in 2007, is one of the few, if not the only business, of its size to operate entirely under the auspices of the Lloyd’s market. Many other Lloyd’s based companies are also licensed to operate in other major markets such as the London companies market, Bermuda and directly in the US.