Insight and Intelligence on the Global Facultative Markets

19 May 2012

Chaucer explains US D&F exit; plans global energy practice

18 November 2010

Chaucer has detailed the reasons for pulling out of its US direct and facultative business in its latest strategy update, a decision that was first revealed by Inside FAC.

In its 2010 interim results Chaucer had warned of what was to come, highlighting the increasingly competitive market conditions in the US D&F market, noting that it had seen less new D&F business than expected as "domestic competitors have continued to put pressure on rates".

The decision to withdraw from US...

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