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The Hanover Insurance Group estimates Q1 cat losses of up to $76mn

17th April 2018

The Hanover Insurance Group has announced that the estimated impact of catastrophe activity on its first quarter 2018 results is in the range of US $66 to $76 million before taxes. The Hanover announced the results in line with their recently implemented policy of releasing quarterly catastrophe loss estimates if they ... Read the full article

Hanover Insurance Group elects Elizabeth A. Ward to its board

21st July 2022

The Hanover Insurance Group has announced Elizabeth A. Ward has been elected to the company's board of directors, and has been appointed to serve on the board's audit committee. Ward, 57, has served as Chief Financial Officer of Massachusetts Mutual Life Insurance Company, a mutual life insurance company, since June 2016. Read the full article

The Hanover sees earnings slip amid personal lines headwinds

3rd August 2022

Property and casualty insurance company, The Hanover Insurance Group, has reported net income of just $22.6 million for the second quarter of 2022, compared with $128.5 million for the same period last year. At the same time, operating income decreased from $104.0 million to $83.9 million, with the company attributed the ... Read the full article

The Hanover launches Hanover i-on Sensor Program

29th July 2022

Property and casualty insurance company, The Hanover Insurance Group, has announced the launch of its Hanover i-on Sensor Program, aimed to help reduce business losses. According to the announcement, it will offer a robust set of technology-based services to help business and organisation owners prevent workplace injuries, property damage, theft, and ... Read the full article

Hamilton Select Insurance makes two underwriting appointments

20th July 2022

Bermuda-headquartered, Hamilton Insurance Group, Ltd., has announced two appointments for its newly launched US excess and surplus (E&S) insurer – Hamilton Select Insurance Inc. Ashly Turner will lead the firms US Energy Insurance, and Steve Blackwell will lead US Life Sciences Insurance. Throughout the last year, Hamilton has established and quickly grown ... Read the full article

Social inflation in casualty insurance one of the most concerning trends

20th June 2022

Social inflation has been named one of the most concerning trends by insurers speaking on the second day of S&P Global Ratings' 38th Annual Insurance Conference. In a panel discussion, Kristof Terryn, CEO of Zurich North America, said that ‘social inflation’ on the casualty side was the one trend worrying him ... Read the full article

The Hanover elects Francisco A. Aristeguieta to board

15th June 2022

The Hanover Insurance Group has elected Francisco A. Aristeguieta to its board of directors. Aristeguieta currently serves as a special adviser for State Street Corporation, having stepped down recently as executive vice president. Aristeguieta served in various executive positions since joining State Street in 2019, including chief executive officer of State ... Read the full article

The Hanover grows in Q1 as combined ratio improves to 93.4%

4th May 2022

The Hanover Insurance Group, Inc. recently announced a rise in net income to $104.8 million in the first-quarter of 2022, as a lesser impact from catastrophe events in the period helped strengthen its combined ratio to 93.4%. Group-wide, operating income also increased from $61.4 million in Q1 2021 to $117.7 million ... Read the full article

Donegal Insurance hires Hudnall as SVP of Commercial Lines

19th April 2022

The Donegal Insurance Group has announced the appointment of Matthew Hudnall as Senior Vice President (SVP) of the group's Commercial Lines business. In his new role as SVP of commercial lines, Hudnall will play a key role in developing and executing the strategy for Donegal’s Commercial Lines business, driving underwriting quality ... Read the full article

The Hanover publishes select historical financial information

29th March 2022

Property and casualty (P&C) insurance company The Hanover Insurance Group has published select historical quarterly and annual financial information reflecting the planned changes to the company's segment reporting. Beginning with first quarter 2022 reporting, the company will disaggregate the former Commercial Lines segment into Core Commercial and Specialty segments, including expenses, ... Read the full article

The Hanover improves FY income despite upswing in cat losses

3rd February 2022

Property and casualty (P&C) insurance company The Hanover Insurance Group, Inc. has reported improved net income for the full-year 2021 period, despite incurring significantly larger catastrophe losses than in the previous year. The company reported net income of $418.7 million for 2021, compared with $358.7 million in the previous year, as ... Read the full article

The Hanover Q3 income falls to $34m on heavy cat losses

28th October 2021

Property and casualty (P&C) insurance company The Hanover Insurance Group, Inc. has reported net income of $34.0 million for the third quarter of 2021, compared to $118.9 million for the same period last year. The considerable drop in performance can be mainly attributed to the $153.5 million of catastrophe losses that ... Read the full article

The Hanover Q3 cat losses could reach $165m, nearly half from Ida

22nd September 2021

Property and casualty (P&C) insurance company The Hanover Insurance Group, Inc. has released a preliminary estimate of its catastrophe losses for the third quarter of 2021, which it says will be in the range of $150 million to $165 million, before tax. Estimated losses from Hurricane Ida alone are approximately $75 ... Read the full article

The Hanover reports higher Q2 net income of $128.5mn

28th July 2021

The Hanover Insurance Group has reported a net income of $128.5 million for Q2 2021, compared to $115.2 million for the prior year period. Its operating income came in at $104 million, compared to $62.7 million last year. The insurer claims that the difference between its net and operating income was primarily ... Read the full article

The Hanover posts strong Q1 result despite unprecedented cat activity

30th April 2021

The Hanover Insurance Group, Inc. has announced net income of $92.7 million for Q1 2021 against a net loss of $40 million for the prior year quarter, despite its catastrophe ratio increasing from 3.3% to 11.5% for the period. Despite the net income turnaround in the quarter, The Hanover's operating income ... Read the full article