Latest Hanover Headlines
All the headlines from our Hanover Topic Page, ordered by recency.
Hanover Reports Improved 2Q Earnings
Aug 1 2007 // The Hanover Insurance Group, Inc. in Worcester, Mass. reported net income for the second quarter of $59.8 million, or $1.14 per share, compared to $50.9 million, or $0.99 per share in the second quarter of last...
Hanover Group Names Leahy CFO
Jul 27 2007 // The Hanover Insurance Group, Inc. reported that John J. Leahy will assume the role of executive vice president and chief financial officer, effective Sept. 1. In this position, he will provide overall leadership for all...
Ratings Recap: OHIC; Hanover; DTRIC
Jul 5 2007 // A.M. Best Co. has assigned a financial strength rating (FSR) of “A-” (Excellent) and an issuer credit rating (ICR) of “a-” to Columbus, Ohio-based OHIC Insurance Company Best has also affirmed the...
Ratings Roundup: Hanover/Professionals Direct
Jun 27 2007 // Standard & Poor’s Ratings Services and A.M. Best Co.both published their respective reactions to the The Hanover Insurance Group’s acquisition of Professionals Direct Insurance Company. S&P affirmed...
Hanover Group Acquires Michigan-Based Professional Liability Carrier
Jun 25 2007 // The Hanover Insurance Group, Inc. has agreed to acquire a professional liability insurer, Professionals Direct, Inc., for $23.2 million. Professionals Direct is the Michigan-based holding company for the Professionals...
Recent Ratings Roundup: Travelers; Hanover; Amica Mutual
May 24 2007 // Standard & Poor’s Ratings Services has assigned its “A-” rating to Travelers Companies Inc.’s $1.5 billion senior notes, which mature in 2012, 2017, and 2037. The company intends to use the...
Hanover’s New Connections Home Completes Personal Lines Redesign
Mar 22 2007 // The Hanover Insurance Group, Inc.has launched Connections Home, a new homeowners insurance product designed to make it easier for agents to sell and retain more business by providing a total account solution. Connections...
The Hanover Searches for New CFO
Feb 22 2007 // The Hanover Insurance Group, Inc. announced that Edward J. Parry III, The Hanover’s executive vice president and chief financial officer, has resigned his positions and plans to leave the company, effective June 15,...
Hanover Launches Marine Advantage Underwriting Team
Jan 31 2007 // The Hanover Insurance Group Inc. has developed a new unit of marine specialists designed to assist agents placing small volumes of inland marine business. The Marine Underwriting Advantage Team will offer agent partners of...
The Hanover Net Income Down in 4th Quarter But Up for Year
Jan 30 2007 // Net income for the fourth quarter of 2006 at The Hanover Insurance Group, Inc. fell to $45.5 million, or $0.88 per share, compared to $118.7 million, or $2.19 per share, in the fourth quarter of the prior year. Net income...
The Hanover Provides Agents with Inland Marine Specialists Team
Jan 29 2007 // The Hanover Insurance Group, Inc. has launched the Marine Underwriting Advantage Team, a team of specialists promising marine solutions for agents who place small volumes of inland marine business and would not normally...
For regional carriers, predictive modeling is about more than pricing
Dec 11 2006 // Frank J. Coyne, chief executive officer of Insurance Services Office, recently warned that insurers unable to keep up in the technological arms race face a grim prognosis. The industry leader said a chasm is growing...
Hanover Insurance Expands Business Owner’s Policy by 96 Classes
Dec 7 2006 // From sunglass stores to pet daycare, doctors’ offices to hair salons, The Hanover Insurance Group is adding 96 new classes to the its Avenues Business Owner’s Policy (BOP) in an effort to meet the needs of a...
Hanover: Big 3d Quarter Improvement, Despite Katrina Charge
Oct 31 2006 // The Hanover Insurance Group, Inc. reported net income for the third quarter of $33.4 million, or $0.65 per share, compared to a net loss of $562.4 million, or $10.51 per share, in the third quarter of last year. The...
Hanover Names Hussey as Mass. Personal Lines Underwriting VP
Oct 24 2006 // The Hanover Insurance Group, Inc. has appointed Michael Hussey as vice president of underwriting for personal lines business in Massachusetts. Hussey has 20 years experience in the property and casualty industry. He joined...
Narragansett Bay Assumes R.I. Homeowners Renewals from Hanover
Oct 12 2006 // Narragansett Bay Insurance Co., a member of Pawtucket Insurance Group, has agreed to take over the Rhode Island homeowners insurance business of Hanover Insurance Co. The transaction involves approximately 1,500 Rhode...
Zaiger Heads Hanover’s Agent Council
Sep 27 2006 // The Hanover Insurance Group, Inc. has selected Ron Zaiger as chairperson for the company’s National Agents Advisory Council. Zaiger will chair NAAC meetings throughout the year. The independent agents who serve on...
The Hanover Partners With LoJack to Curb Construction Equipment Losses
Aug 30 2006 // The soaring resale value of construction equipment has resulted in an increasing number of thefts, putting business owners at risk more and more. With that in mind, The Hanover Insurance Group, Inc. has entered into a...
The Hanover Expands Business Owner’s Policy
Jul 19 2006 // The Hanover Insurance Group Inc. based in Worchester, Mass., has added 81 new classes to the company’s Avenues Business Owner’s Policy. The enhanced Avenues BOP offers coverage for more than 360 BOP classes. In...
The Hanover Expands Connections Auto Program to N.H., N.J.
Jul 19 2006 // The Hanover Insurance Group, Inc. is expanding its popular Connections Auto product into New Hampshire and New Jersey. Connections Auto is a state-of-the-art, multi-variate auto product with nearly limitless customer...
