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Member, Beacon International Group, Ltd.
LONDON—Chaucer Holdings P.L.C. will underwrite about £707.2 million ($1.1 billion) of business at Lloyd’s of London in 2011.
London-based Chaucer, which operates multiline syndicate 1084 and nuclear syndicate 1176 at Lloyd’s of London, said that for 2011 its total underwriting interests at Lloyd’s would increase by 7.6% from the total in 2010.
Chaucer provided about 85% of the capacity for syndicates 1084 and 1176 in 2010.
Chaucer made the announcement after the end of the “coming-into-line” process at Lloyd’s by which syndicates’ business plans are reviewed and approved.
LONDONChaucer P.L.C. is to increase capacity in one of its Lloyd's of London syndicates in anticipation of widespread rate increases in 2009.