John Fowle is to step down from his role as group CEO of Chaucer, after six years in the role and over two decades at the reinsurance group.

Group CFO, Rob Callan will be taking on the additional role of interim group CEO, subject to regulatory approval, while the search for Fowle's successor gets underway.

The reinsurance group said it was "in a great position" with "sustained growth in premium and reputation and consistently strong operating performance underline the health of the business".

Paul Jardine, non-executive chair, Chaucer, commented: “I would like to take the opportunity to thank John on behalf of the board and our colleagues across Chaucer for his leadership over the last 20 years. John has been an inspirational group CEO and leaves Chaucer in an extremely strong position to thrive as we look forward.

“He has been instrumental in driving the successful performance of the business over many years and particularly since Chaucer was acquired by China Re. The business has delivered on the five-year post-acquisition plan, including the doubling in size of the business while delivering market leading results. John will be greatly missed and we wish him well for the future.

“We are now entering into a process of identifying John’s successor but, with Rob as interim Group CEO, and the combination of our hugely talented leadership team and our superb colleagues, the business is in very capable hands.”

John Fowle said: “The past six years as Group CEO of Chaucer have been hugely fulfilling. I have a great affection for Chaucer and its people. I am incredibly proud of the strength of our culture and the results we have delivered together.

“After 20 years with Chaucer, however, I have decided that it is the right moment in my career to step aside and pursue new opportunities, letting the next leader of Chaucer build on what we have achieved.

“I am happy that I leave the business in great shape, with a fantastically capable senior team, brilliant colleagues, and a very supportive owner in China Re. I wish everyone in Chaucer the very best for the future.”

Fowle steps down on 30th June 2023.

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