Massachusetts-based property and casualty insurer The Hanover Insurance Group has named Cynthia Egan vice chair of its board of directors.
Egan has served The Hanover’s board since 2015 and has been elected to eventually succeed Kevin Condron, who is due to retire in 2021.
She was president of retirement plan services for T. Rowe Price Group from 2007 until her retirement in 2012.
Prior to that she held senior positions with Fidelity Investments between 1989 and 2007, including executive vice president, head of Fidelity’s Institutional Services Company, president of the Fidelity Charitable Gift Fund, and executive vice president of Fidelity Management Research Co.
Egan is a director of UNUM Corporation and the BlackRock Fixed Income Funds Complex, as well as chair of the board of visitors of the University of Maryland School of Medicine.
Additionally, The Hanover has added Martin Hughes to its board. He brings more than 40 years’ experience in the insurance brokerage industry and currently serves as non-executive chair of the board of directors of HUB International.
“Marty is a highly experienced insurance executive with a broad and deep understanding of our business and an impressive record of accomplishment,” said Condron.
“He brings a unique perspective, formed through his experiences on the front lines of our business and ultimately as the leader of one of our industry’s largest and most successful brokerage firms. We are pleased to have Marty join our board.”
Separately, The Hanover announced Michael Price resigned as a director of the board for personal reasons, effective at the company’s annual meeting of shareholders, to be held May 12.