HomeInsuranceChaucer Provides WTW's Mike Smith Amid Marine Insurance coverage Shocks

Chaucer Provides WTW’s Mike Smith Amid Marine Insurance coverage Shocks

World specialist insurance coverage and reinsurance firm Chaucer has named Mike Smith as the brand new head of its marine insurance coverage enterprise as the corporate strikes to a distinct place in its marine insurance coverage companies.

Smith has over 35 years of expertise within the marine insurance coverage sector, specializing in all facets of marine cargo safety and freight legal responsibility from a banking and claims administration perspective.

Most just lately, he served as a director at Willis Towers Watson (WTW), a world reinsurance and insurance coverage brokerage, the place he was answerable for servicing a portfolio of world freight accounts.

Smith’s addition comes as Chaucer seeks to reposition its marine insurance coverage strains to help technology-driven product improvement and trade innovation, improved service and future development in focused segments.

From January 2022, Chaucer will make quite a few modifications to its delivery strains, together with the launch of Marine World, which might be led by Phil Graham, present head of Chaucer’s maritime division, and which can embrace London and Worldwide Cargo, Specie, Hull. , Warfare and Duty, and Portfolio of Ports and Terminals.

As well as, Marine Specialty is launched, led by Smith. This division will embrace the maritime, transport and logistics, freight forwarding enterprise in London and Longham, and Chaucer’s specialised cargo insurance coverage, freight and logistics firm from Ipswich, the place he’ll work carefully with Mike Ayers and the underwriting workforce.

“We’re delighted to welcome Mike to Chaucer. His deep expertise in marine insurance coverage might be invaluable because the workforce undergoes modifications to raised place us for future development.

“Mike’s status for serving prospects and main a motivated workforce to succeed will make him an actual asset to the agency,” mentioned Nicola Stacy, Chief Underwriting Officer (CUO) at Chaucer.

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