Hanover Insurance Group has finalised the 100 % equity sale of Chaucer Holdings to China Reinsurance ( Group ) . “With a strong financial foundation, clear strategic focus, and a simplified operating structure, we are determined to be the premier property and casualty company in the independent agency channel,” added Roche. London - based Chaucer makes up a major portion of Hanover 's Lloyd 's international specialty unit and its acquisition by China Re is expected to complete by the end of March , subject to regulatory approval . The acquisition is a significant milestone in China Re 's global expansion , as the company said it would strengthen its core insurance business and help it to better serve the Chinese Belt and Road Initiative .
Hanover Insurance Group has finalised the 100 % equity sale of Chaucer Holdings to China Reinsurance ( Group ) . London - based Chaucer makes up a major portion of Hanover 's Lloyd 's international specialty unit and its acquisition by China Re is expected to complete by the end of March , subject to regulatory approval . The acquisition is a significant milestone in China Re 's global expansion , as the company said it would strengthen its core insurance business and help it to better serve the Chinese Belt and Road Initiative .