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The Hanover appoints duo to commercial leadership roles
3rd January 2020
Massachusetts-based property and casualty insurer The Hanover Insurance Group has announced the appointments of Matthew Mitchell and Scott Grieco to leadership positions within its commercial lines business. Effective January 1, Mitchell will become President of The Hanover’s middle market business, reporting to Michael R. Keane, President of Commercial Lines. Mitchell previously served ... Read the full article
The Hanover announces $250mn buyback & dividend, using Chaucer proceeds
6th December 2019
The Hanover Insurance Group has entered into an accelerated share repurchase (ASR) to buy back $150 million of its common stock, in addition to declaring a $100 million special dividend. The announcement completes the deployment of the $850 million of capital that the company generated through the sale of Chaucer, ... Read the full article
Lower cat losses help The Hanover maintain earnings growth in Q3
31st October 2019
Massachusetts-based property and casualty insurer The Hanover Insurance Group has reported an 18.4% increase in net income during the third quarter of 2019, helped by lower catastrophe losses. The company posted net income of $118.9 million in Q3 2019, compared with $100.4 million for the same period last year. Catastrophe losses came ... Read the full article
The Hanover appoints Lowsley Exec VP, chief human resources officer
24th October 2019
Massachusetts-based property and casualty insurer The Hanover Insurance Group has appointed Denise Lowsley executive vice president and chief human resources officer. Working closely with executive leadership, Lowsley will help implement the firm’s ‘human capital strategy’. She brings over 20 years’ experience in the property and casualty space and joins from The Navigators ... Read the full article
Divestiture of Chaucer makes The Hanover a desirable M&A target: JMP
29th August 2019
Analysts have said that following the successful takeover of its Chaucer business by China Re, domestic-focused insurer The Hanover Insurance Group is a desirable merger and acquisition (M&A) target longer term. Now that the Chaucer divestiture is complete, the core of the domestic franchise of The Hanover is a small/middle market ... Read the full article
The Hanover’s outlook revised to stable on improved underwriting by S&P
20th August 2019
S&P Global Ratings has revised its outlook for The Hanover Insurance Group Inc. (THG) from negative to stable, citing a sustainable underwriting improvement in the company’s U.S commercial business. The rating agency also affirmed its ‘A’ issuer credit and financial strength ratings for THG and its core operating subsidiaries. S&P believes that ... Read the full article
Ping An growth helps China overtake as most valuable insurance market: Brand Finance
17th May 2019
China has overtaken the U.S as the largest global insurance market in terms of brand value, according to valuation consultancy Brand Finance, in part due to the continued growth of Chinese insurance giant Ping An. Ping An, which outpaced Allianz to become the world’s most valuable insurance brand in 2017, grew ... Read the full article
The Hanover enhances growth focus with expanded specialty leadership team
1st March 2019
The Hanover Insurance Group has announced the expansion of its specialty leadership team in an effort to enhance its focus on growth opportunities while at the same time drive greater value with the firm's independent insurance agent partners. The expansion includes a number of appointments, notably the naming of Steven Mills ... Read the full article
The Hanover expecting $50m Q4 catastrophe hit
16th January 2019
Massachusetts-based property and casualty insurer The Hanover Insurance Group (THG) is expecting a $50 million pre-tax hit to its fourth quarter operating results due to catastrophe activity. This figure represents 4.6% of net premiums earned, an increase from THG’s Q418 assumption of 3.6%. Cat losses in the final quarter of 2018 are ... Read the full article
Top 100 U.S. Property & Casualty Insurance Companies
23rd November 2018
The largest P&C insurers in the United States This Top 100 U.S. Property & Casualty Insurance Companies directory is based on research data from rating agency A.M. Best. Listing the top property and casualty insurance companies in the United States, this directory provides a simple way to analyse the top P&C insurance companies ... Read the full article
China Re acquires Chaucer from The Hanover in $950m deal
13th September 2018
China Re, one of Asia’s leading reinsurers, has acquired The Hanover’s London-based Specialty business Chaucer in a deal that totals $950 million and accelerates the state-backed group's international development. The transaction includes a cash consideration from China Re of $865 million and a pre-signing dividend from Chaucer of $85 million, received ... Read the full article
The Hanover appoints Zurich VP Frank Baron as President of Alternative Markets
4th June 2018
Massachusetts-based property and casualty (P/C) insurer The Hanover insurance Group (THG) has appointed Frank M. Baron as the President of its newly formed Alternative Markets unit. A veteran of 30 years, Baron joins from Zurich where he served as Executive Vice President (VP) for over 5 years. Prior to that he ... Read the full article
The Hanover Insurance strengthens surety leadership team
31st May 2018
In a move that sees The Hanover Insurance Group (THG) expand capabilities for the growth and management of its transactional surety business, Carrick Bligh has been promoted to Vice President of Commercial Surety, effective May 1st, 2018. Bligh joined the firm six years ago, and brings 14 years’ industry experience to ... Read the full article
Chairman of The Hanover Insurance Michael Angelini announces retirement
17th May 2018
After more than 30 years of service to The Hanover Insurance Group’s (THG) board of directors longtime Chairman Michael P. Angelini has announced his retirement, effective May 16th, 2018. The governance guidelines of THG prohibit the continuation of directors beyond the age of 75. Having joined Hanover’s board in 1995 Angelini ... Read the full article
The Hanover explores alternatives for Chaucer business, including possible sale
29th March 2018
The Hanover Insurance Group, Inc. said today that it is exploring "strategic alternatives" for its London-based Chaucer business is underway, which could include a possible sale. A "review of strategic alternatives" is currently being undertaken by the firm, as it looks at its options for the Chaucer international specialty underwriting business ... Read the full article
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