Latest Hanover Headlines
All the headlines from our Hanover Topic Page, ordered by recency.
Beyond Wall Street
Nov 21 2011 // We’re in the news business and this isn’t exactly news. It’s more like another confirmation of something we have all known for a long time. Here is the not-so-new news flash: Small business owners trust...
Small Business Owners Report High Trust in Agents, Survey Reports
Nov 14 2011 // Small business owners trust their independent insurance agents and commercial insurance carriers more than other financial services businesses, a new study reports. The study, commissioned by The Hanover Insurance Group...
The Hanover Posts $9.7M Loss in Q3
Nov 3 2011 // The Hanover Insurance Group Inc. reported a net loss of $9.7 million for the third quarter of 2011, driven mostly by catastrophe losses of $64.7 million after tax. The Hanover’s net income for the same period in 2010...
Hanover Names Lavallee Personal Lines Sales Manager in Massachusetts
Sep 12 2011 // The Hanover Insurance Group Inc. has appointed Meredith Lavallee as personal lines territory sales manager for the company’s Massachusetts market, effective Aug. 1. In her new role, Lavallee will help the...
The Hanover Adds D.C. Area Branch Office
Aug 24 2011 // The Hanover Insurance Group added a new District of Columbia Metro branch office in Reston, Va. Located in the Reston Executive Center at 12100 Sunset Hills Road, the new branch office will address commercial insurance...
Hanover Adds Environmental Coverage for Industrial Manufacturers
Aug 9 2011 // The Hanover Insurance Group Inc. has expanded its Hanover Specialty Industrial insurance program for manufacturers, wholesalers and distributors by adding environmental liability protection. The additional coverage will...
Best Affirms Lloyd’s Syndicate 1084 Ratings; Withdraws Chaucer Holdings’ Rating
Jul 7 2011 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 1084. In addition...
Hanover Completes $474M Acquisition of Chaucer
Jul 5 2011 // Massachusetts-based The Hanover Insurance Group has completed its acquisition of Chaucer Holdings, a specialty Lloyd’s insurance group. The $474 million deal includes $13 million to be paid in loan notes to...
Best Affirms Hanover Insurance Group and Subs Ratings
Jun 14 2011 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of The Hanover Insurance Group Property and Casualty Companies and its members....
The Hanover Reports Q1 Profits
May 3 2011 // Massachusetts-based insurer The Hanover posted first-quarter profits of $29.3 million, down slightly from the $41.8 million seen in the year-ago period. Profits came on an increase in net premiums written to $749.9...
Business Moves
May 2 2011 // The Hanover, Chaucer A half-billion dollar deal that would make Lloyd’s insurer Chaucer part of Massachusetts-based The Hanover is in the works. Terms of the transaction involve a cash-for-stock swap valued at $510...
The Hanover to Pay $510M for UK Insurer Chaucer
Apr 20 2011 // A half-billion dollar deal that would make Lloyd’s insurer Chaucer part of Massachusetts-based The Hanover appears all but done. Terms of the transaction, announced this morning, involve a cash-for-stock swap valued...
Lloyd’s Insurer Chaucer Endorses The Hanover’s Takeover Bid
Apr 20 2011 // Lloyd’s insurer Chaucer plc has issued a statement endorsing the terms of a recommended cash acquisition of the entire issued and to be issued ordinary share capital of Chaucer by 440 Tessera Limited (BidCo), a...
National Legal Association Selects The Hanover as Lawyers E&O Provider
Mar 29 2011 // The Hanover Insurance Group, Inc. has been selected by the National Legal Aid and Defender Association (NLADA) as the exclusive provider of lawyers professional liability coverage for its members. Wells Fargo Insurance...
The Hanover Adds Coverage for Record Storage, Destruction Companies
Mar 9 2011 // The Hanover Insurance Group, Inc. has further expanded its suite of industry-specific capabilities—introducing a new offering for the growing number of record storage and destruction companies. These new and enhanced...
Greenfield Named Executive Vice President at The Hanover
Dec 16 2010 // Massachusetts-based insurer The Hanover has appointed David B. Greenfield as executive vice president and senior finance officer. Greenfield will assume the roles of chief financial officer and principal accounting officer...
The Hanover Adds Specialized Classes to Healthcare Portfolio
Nov 16 2010 // The Hanover Insurance Group, Inc. has introduced specialized capabilities for three areas of the healthcare industry: durable medical equipment, diagnostic services and homecare services. The new capabilities will protect...
The Hanover Expands Technology Capabilities to 125 Classes
Nov 3 2010 // The Hanover Insurance Group, Inc. has expanded its technology capabilities, adding a suite of solutions for over 125 classes of technology businesses. The new coverages build on the company’s small commercial...
Merritt to Head Professional Liability Business at The Hanover
Aug 9 2010 // Massachusetts-based insurer The Hanover has named Gerald T. Merritt as president of its professional liability business. In this new role, Merritt will work closely with the professional liability team to expand the...
Business Moves
Aug 2 2010 // Liberty Mutual Liberty Mutual Group has reorganized its commercial property, casualty and specialty lines insurance units as well as claims and loss control services for the insurer’s national accounts and mid-sized...
