Specialty (re)insurance group Chaucer has outlined two key priorities as the business celebrates its 100th 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,” said Chaucer chief executive John Fowle, whose camp wants to become a market leader 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 integrated risk assessment firm Moody’s, Chaucer introduced its ESG Balanced Scorecard which spans underwriting, investments, and operations.
Meanwhile, another priority for Chaucer is to provide coverage for underserved markets by way of innovation. A key focus area, said the global underwriting group, will be the further development of Chaucer’s offering of parametric and microinsurance products.
“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,” said 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.”