Chaucer & partners launch Russia’s first Lloyd’s coverholder

by Gill Montia

Story link: Chaucer & partners launch Russia’s first Lloyd’s coverholder

Chaucer has announced a new partnership with Nakhodka Re in Moscow and RFIB Ltd in London, to launch SeaLine, the first Lloyd’s coverholder in Russia.

SeaLine, which received Lloyd’s coverholder approval last week, will underwrite cargo reinsurance risks across Russia’s Commonwealth of Independent States (CIS).

Commenting on developments, Chaucer Syndicate 1084 head of production, Andrew Voke, says: “We have an excellent long-term relationship with Nakhokda Re and are pleased to be a partner with them and RFIB in such a prestigious project, which further enhances Chaucer’s growing international distribution network.”

Lloyd’s Chairman, Lord Levene, announced the intention to build a Lloyd’s platform in the CIS region in 2010 and Lloyd’s has since developed plans to open a new representative office in Moscow, to help support its ambitions.

According to Chaucer, the launch of SeaLine is the first major result of this initiative.