Reinsurance News

The Hanover names Marohn President of Specialty P&C

21st November 2023 - Author: Kassandra Jimenez-Sanchez

The Hanover Insurance Group has appointed veteran Stephen P. Marohn as President of Specialty Property and Casualty.

Marohn brings to his new role more than 30 years of wide-ranging industry experience, along with an accomplished background in commercial and specialty property and casualty insurance.

He will be responsible for leading the company’s excess and surplus (E&S) business, specialty industrial business, Hanover Programs, specialty  general liability and Hanover Specialty Insurance Brokers (HSIB).

Prior to joining The Hanover he was the Senior Vice President of Small Business at CNA Insurance, where he served for ten years since having joined in 2013.

During his tenure at CNA, his responsibilities included oversight of the businesses and zone leadership for product lines such as primary and excess casualty, package, and property across segments, including small business, middle market, and national accounts.

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Before CNA Marohn held a number of senior leadership roles throughout the 18 years he spent at AIG. During his time with the insurer he served as Executive Vice President at AIG’s Japan Holdings KK operation leading the commercial portfolio for Japan and South Korea.

He also held field leadership roles in California and Ohio, and led the National Accounts marketing segment for the Great Lakes Region.

Bryan J. Salvatore, Executive Vice President and President Of Specialty at The Hanover, said: “We are very pleased to welcome Steve to our company and to this important role within our specialty business.

“Steve’s breadth of experience and approach to leadership will bring immediate value to our talented teams as well as the agents, wholesalers, and program administrators with whom we work. Under his leadership, we look forward to expanding these important businesses to meet the growing specialty needs of our key stakeholders and to driving even more sustainable profitable growth across our specialty segment.”

Marohn has also served on and chaired several non-profit boards supporting the insurance industry, such as Insurance Industry Charitable Foundation and Gamma Iota Sigma.

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