Chaucer Group, the international insurer and reinsurer with an operation in Bermuda, has made two senior leadership promotions as new group chief executive Richard Milner arrives at the company.

James Wright, Chaucer’s current chief risk officer, has been appointed as the group’s new chief financial officer, and Werner Joubert has been promoted to the role of chief risk officer, having held the post of head of Capital Modelling since 2020.

Paul Jardine, chairman of Chaucer, said: “It’s a great pleasure to see James continue a very successful career with our group. Chaucer has always invested in internal talent development as a priority and James’s successes serve as testament to this. I am excited to see him continue his trajectory at Chaucer in the role of chief financial officer.”

Mr Jardine added: “Congratulations to Werner, whose promotion is another reflection of the exceptional talent within our firm. He has been a valued leader at Chaucer for eight years and his strong track record in risk modelling will be of great value as he now assumes a vital strategic role within Chaucer.”

Mr Milner recently joined Chaucer as the group’s new chief executive, having previously held several senior roles at Aspen, including UK chief executive, as well as at Axis Re.

The company said Mr Milner had a significant breadth of experience in Lloyd’s and across international markets and would play a vital strategic role as Chaucer continued to build on the successes and growth of the past five years.

Mr Milner said: “Chaucer has an excellent reputation for the experience and expertise of its talented people, as evidenced by James and Werner’s deserved promotions.

“I’m looking forward to guiding Chaucer as it continues to develop its position as a leading global underwriting group.”

The company said Rob Callan, Chaucer’s interim chief executive and CFO, would stay on in the short term to ensure a smooth transition before his planned retirement.