Chaucer, the international specialty insurance and reinsurance group with a presence in Bermuda, has promoted Chris Baker to head of global reinsurance, overseeing all lines of reinsurance business and territories.

The company said Mr Baker has been with Chaucer for almost 20 years, joining in 2004 as a marine and energy reinsurance underwriter.

In 2016 he was appointed head of specialty reinsurance before being promoted to head of international and specialty reinsurance in 2020.

Over the past five years, Chaucer said, it has steadily grown its reinsurance book by 120 per cent across all major lines, delivering on its long-term growth plan.

Across the Chaucer Group, gross premiums written have increased from $1.3 billion in 2018 to $2.4 billion in 2022.

Nicola Stacey, the chief underwriting officer at Chaucer, said: “I would like to congratulate Chris on his well-earned promotion, and I am delighted that he has accepted this new challenge.

“Chris has played an integral role over the years in developing Chaucer’s reinsurance strategy. He has been a key player in ensuring the service we provide to brokers and clients is second to none.

“His deep understanding of our business and risk appetite will be critical to our development as a leading global re/insurance group.”

Mr Baker said: “Leading Chaucer’s high-performing global reinsurance team is an exciting opportunity and I look forward to extending our value proposition to brokers and clients.

“Working with such an accomplished and collegiate team has been a huge privilege and I’m very much looking forward to helping further develop Chaucer’s reinsurance portfolio.”

Chaucer Insurance Company Designated Activity Company Bermuda Branch is a Class 4 insurer regulated by the Bermuda Monetary Authority.