The American company says the sale of its specialist insurer and Lloyd’s syndicate is possible as it looks for strategic alternatives

The Hanover Group has announced that it is looking at the possible sale of specialist insurer business, Chaucer Holdings.

In a statement on the company’s website, US-based The Hanover said that it is “undertaking a review of strategic alternatives.”

This could include the sale of London-based Chaucer, who underwrites through Lloyd’s.

The Hanover acquired Chaucer in 2011.

Both companies have been contacted for comment. The Hanover declined.