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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 posts Q1 loss as cat loss results in weaker combined ratio
3rd May 2023
The Hanover Insurance Group, Inc. reported a net loss of $12.0 million in the first quarter of 2023, compared to net income of $104.9 million, as its pre-announced $175.0 million in catastrophe losses resulted in a combined ratio of 104.4 percent. Group-wide, operating income also decreased from $117.7 million in Q1 ... Read the full article
The Hanover Insurance approximates $175m in cat losses for Q1
20th April 2023
The Hanover Insurance Group has announced its preliminary estimate for first-quarter 2023 catastrophe losses of approximately $175 million, before taxes or 12.7 points of net earned premium. Widespread wind and tornadic activity impacted nearly half of the U.S. in mid-to-late March. The first quarter catastrophe losses were caused by over 20 ... Read the full article
The Hanover sees $11.6m net loss in Q4 results
2nd February 2023
The Hanover has reported a net loss of $11.6 million for the fourth quarter of 2022, compared to a net income of $163.5 million from the same period last year. Operating loss for the quarter was $37.4 million, compared to an operating income of $122.1 million in the prior year quarter. At ... Read the full article
The Hanover names Kate Williams President of E&S
31st January 2023
The Hanover Insurance Group, a P&C insurance company, has announced the appointment of Kate B. Williams as president of excess and surplus (E&S). In her new role, Williams will oversee the company's full range of E&S solutions for the property and casualty needs of small to mid-size customers. With nearly 21 years ... Read the full article
The Hanover launches specialty general liability solution
25th January 2023
The Hanover Insurance Group has announced the expansion of its casualty offering with the launch of a specialty general liability solution. The firm suggests that with the new offering, its agents and brokers can provide an admitted general liability and excess coverage solution for hard-to-place risks, including manufacturing, distribution, wholesale and ... Read the full article
The Hanover reports Q4 cat losses of $190m, mostly from Elliott
19th January 2023
P&C insurance company The Hanover has reported estimated catastrophe losses of $190 million for the fourth quarter of 2022, of which $165 million, or 87%, were driven by Winter Storm Elliott. At this level, the pre-tax loss represented 13.9 points of net earned premiums, and was approximately $137 million above the ... Read the full article
The Hanover names David Lovely Chief Claims Officer
5th January 2023
The Hanover Insurance Group, a P&C insurance company, has appointed David J. Lovely as Executive Vice president and Chief Claims Officer. He will be replacing Mark Welzenbach, who announced earlier in 2022 that he would be retiring from The Hanover after 17 years with the company. According to the announcement, Welzenbach will ... Read the full article
The Hanover appoints Schuler to lead Management and Executive Liability
29th November 2022
The Hanover Insurance Group has appointed Eric M. Schuler as President of management and executive liability, effective immediately. Within this role, Schuler will assume responsibility for the strategy and execution of The Hanover's management liability business, which offers specialized solutions for a broad range of private companies, non-profit organizations and financial institutions. With ... Read the full article
The Hanover reports top line growth, despite cat losses of $90mn
2nd November 2022
The Hanover Insurance Group has reported $1.50 billion of net premiums written (NPW) in the third quarter of 2022, a 9.5% increase compared to $1.37 billion of net premiums written in the third quarter of 2021. Net investment income for the quarter was $73 million, a decrease from $78.8 million from ... Read the full article
The Hanover announces cat losses of $90m for Q3
20th October 2022
Property and casualty insurance company The Hanover Insurance Group has announced a preliminary estimate for third quarter catastrophe losses of approximately $90m, before taxes, or 6.8 points of net earned premiums. In a statement, the firm said that the estimate is approximately $22m above the company's pre-tax third quarter catastrophe assumption, ... 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
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