Chaucer acquires leading Australian specialty underwriting agency
Chaucer, the specialist insurer and member of The Hanover Insurance Group, Inc. (NYSE:
THG), today announced the acquisition of SLE Holdings, known in the market as SLE
Worldwide Australia, a market-leading underwriting agency and Lloyd’s coverholder based in Sydney, Australia. SLE writes a broad range of specialty property and casualty products, with a focus on the sports, leisure and entertainment markets.
SLE’s expertise and capabilities increase the specialty product capabilities of Chaucer’s
Syndicate 1084 and enhances Chaucer’s competitive position in Australia. SLE will gain access to additional resources through the acquisition, helping the firm develop its business and capitalise on new growth opportunities.
SLE, founded in 2009 by Brad French, is a recognised leader for product innovation, brokerfriendly technology and customer service. SLE includes Pacific Underwriting, a specialist commercial / industrial managing general underwriter.
“We are delighted to welcome the SLE team to our organisation,” said John Fowle, chief
executive officer of Chaucer. “This acquisition is an excellent strategic fit. It will enable us to increase our presence in this important market, giving us greater access to high-quality
business and bringing us closer to our customers, while providing for a broader distribution of other Chaucer products in the future.”
“This acquisition will enable us to expand our specialty capabilities as part of our long-term growth strategy, Hanover 2021,” said Joseph M. Zubretsky, president and chief executive officer at The Hanover. “SLE will provide us with additional underwriting expertise, new product capabilities and greater access to the Australian market.”
Brad French, managing director of SLE said, “We look forward to joining the team. Chaucer has a strong and well-recognised Lloyd’s brand and we are excited about working with the Chaucer team to expand our current business offering. This relationship also provides the strong platform needed to continue our profitable growth in this market.”
020 7105 8258
We are a leading specialty insurance group providing clients with proven smart risk solutions for underwriting and claims. Our enterprising and trusted experts offer with market-leading cross class capabilities, empowered decision-making and a tailored approach.
With our headquarters in London, and our international hubs for Europe, Latin America and Asia, we protect clients in over 200 countries and territories worldwide. We offer clients the flexibility of both Lloyd’s, and the company market through Chaucer Dublin.
Through Lloyd’s, our clients enjoy strong financial security with every policy supported by an A (excellent) rating from A.M. Best, A+ (strong) from Standard & Poor’s and AA- (very strong) from Fitch Ratings. Chaucer Dublin has an A (excellent) rating from Standard & Poor’s.
Our clients also benefit from our membership of the Hanover Insurance Group, Inc., based in Worcester Massachusetts, one of the largest insurance businesses in the United States. For more than 160 years, The Hanover has provided a wide range of property and casualty
products and services to individuals, families, and businesses. The Hanover maintains excellent ratings from A.M. Best, Standard & Poor’s and Moody’s. For more information, please visit www.hanover.com.
For more information, please visit www.chaucerplc.com.