Latest Hanover Headlines
All the headlines from our Hanover Topic Page, ordered by recency.
Hanover Insurance Enhances Ocean Cargo Product
Jan 12 2010 // The Hanover Insurance Group, Inc. reports it has enhanced its ocean cargo insurance offering and related loss control capabilities. This product provides worldwide coverage on goods in transit via vessel, air or land,...
Business Moves
Jan 10 2010 // Aon Risk, Allied North America Aon Risk Services, the risk management and insurance brokerage business of Aon Corp., said it has agreed to acquire Allied North America, one of the largest independent surety and...
East Meets West
Jan 10 2010 // The Hanover Group Expands Out West, Enters Agreement With OneBeacon The Hanover Insurance Group Inc.’s CEO Frederick H. Eppinger expects the western United States to be a key growth driver for the super-regional...
Ratings: NIPPONKOA, Russian Re, Lemma, Lakeside Re, Inter Hanover
Dec 18 2009 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit rating of “a” of Hong Kong-based NIPPONKOA Insurance Company (Asia) Limited, both with stable...
Ratings: Lincoln, Grain Dealers, National States, Hanover, Atradius, WRM America, Michigan Commercial
Dec 9 2009 // Standard & Poor’s Ratings Services has assigned its ‘A-‘ issue credit rating to Lincoln National Corp.’s (LNC) $300 million issuance of senior notes. S&P also affirmed its...
North Carolina Coastal Broker Ready to Ride Beach Plan Reform Wave
Sep 21 2009 // Hanover Excess Sees State Pool Changes A Boost For Business Still Recovering From Recession, Soft Market The Web site for Hanover Excess (www.hanoverxs.com) proclaims that the people at this North Carolina excess and...
The Hanover Insurance Group Names Casper Regional President in West
Jun 25 2009 // The Hanover Insurance Group has named John Casper regional president of its emerging western region. Based in Denver, Casper will lead the company’s efforts to expand its footprint in the western part of the...
Business Moves
Jun 15 2009 // Hiscox Hiscox, an international specialist insurer, has opened an office in Miami to further expand its U.S. operations. The Miami office, which is located in the heart of the Brickell area, will serve brokers in the...
Business Moves
Jun 15 2009 // The Hanover Specialty lines business will be a key growth engine in the next several years for Worcester, Mass.-based The Hanover, according to CEO Fred Eppinger. In the past year, revenue from specialty lines at The...
Growth Beneath the Radar
Jun 1 2009 // Don’t be fooled by the AIG headlines: Not all of the insurance industry is in retreat mode. In some pockets of the Northeast and Mid-Atlantic, carriers are continuing to pursue downright aggressive growth strategies...
The Hanover Bets Big on Specialty Lines
May 27 2009 // The Hanover’s CEO Fred Eppinger says the specialty lines business will be a key growth engine for the Worcester, Massachusetts-based super-regional insurer in the next several years. Over the last year, revenue from...
The Hanover Gets Upgrade, Despite Lower Q1 Earnings
May 8 2009 // Despite first-quarter profits being dragged dawn by winter storm claims, The Hanover Insurance Group Inc. earned its third ratings upgrade in 15 months, the Worcester, Mass.-based multi-regional insurer said. Hanover,...
The Hanover Launches Wholesale Distributors Program
Mar 26 2009 // The Hanover Insurance Group Inc. introduced a new insurance program that offers specialty coverages for wholesale distributors and manufacturers. The new program, Wholesale Advantage, offers coverage for a broad range of...
The Hanover Appoints Powers
Feb 25 2009 // Worcester, Massachusetts-based insurer The Hanover Insurance Group has named Keith A. Powers as regional vice president, Commercial Lines, for the company’s Connecticut market. Powers, who will work out of the...
People
Feb 8 2009 // Former Iowa Insurance Commissioner Therese M. Vaughan, Ph.D., has been named chief executive officer of the National Association of Insurance Commissioners (NAIC), effective Feb. 18, 2009. Vaughan replaces Catherine J....
The Hanover Group Sees Profits Shrink
Feb 6 2009 // Fourth quarter profits at The Hanover Insurance Group fell 55 percent from $75.8 million a year ago to $34.1 million. Full-year net income dropped nearly 92 percent to $20.6 million, from the $253.1 million the Worcester,...
Ratings Roundup: Aflac, Scottish Re (U.S.), Hanover Fire, Omega
Feb 4 2009 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and downgraded the issuer credit ratings (ICR) to “aa-” from “aa” of American Family Life Assurance...
People
Jan 11 2009 // Alice A. Molasky Arman joined Western Insurance Co. as senior vice president of government relations. Molasky Arman recently retired from the State of Nevada, where she was recognized as the state’s longest serving...
Ratings Recap: Max America, Professionals Direct, Great Western, Seven Seas
Dec 23 2008 // A.M. Best Co. has assigned a financial strength rating of ‘A-‘ (Excellent) and an issuer credit rating of “a-” to Indiana-based Max America Insurance Company (MAIC) with a positive outlook on both....
Hanover Insurance Completes Acquisition of Specialty Program Writer AIX
Dec 1 2008 // Super regional insurance carrier The Hanover Insurance Group, Inc. has completed the previously announced acquisition of AIX Holdings, Inc. Windsor, Conn.-based AIX Holdings is a specialty property and casualty insurer...
