The Hanover Insurance Group News

USI Affinity to Offer The Hanover Lawyer’s PL Product in Select States

USI Affinity has entered into an agreement with The Hanover Insurance Company to provide an enhanced lawyer’s professional liability insurance product in the following states: N.J., Mass., D.C., Conn., Md., Va. and W.V., effective Sept. 1, 2018. The USI Affinity …

The Hanover, Chaucer Form Reinsurance Sidecar to Tap 3rd Party Capital

The Hanover Insurance Group Inc. announced that Chaucer, the company’s international specialty insurance group, has sponsored the formation of a reinsurance sidecar to provide collateralized capacity for Chaucer Syndicate 1084’s global property reinsurance portfolio in 2018. Bermuda-based Thopas Re Ltd., …

The Hanover’s Chaucer Acquires SLE Holdings, Sydney-Based MGA

The Hanover Insurance Group Inc. announced that Chaucer, the company’s international specialty insurance group, has acquired SLE Holdings, a market-leading Lloyd’s managing general underwriting agency based in Sydney, Australia. SLE, which currently underwrites business exclusively in Australia, wrote approximately U.S. …

The Hanover & Chaucer Launch Dublin-Based International Specialty Insurer

The Hanover Insurance Group, Inc. and its subsidiary, Chaucer, announced that they will form a Dublin-based company, Chaucer Insurance Co. DAC (Chaucer Dublin), to write international specialty insurance business. The Central Bank of Ireland has approved the new venture. “Chaucer …

Massachusetts’ The Hanover Insurance Group Elects Price to Board of Directors

The Hanover Insurance Group Inc., a Worcester, Mass.-based holding company for several property and casualty insurance companies, has elected Michael D. Price to the company’s board of directors, effective July 3. Price is an experienced senior insurance executive and will …

Hanover Insurance Names Zurich’s Salvatore as President of Specialty

The Hanover Insurance Group Inc., a Worcester, Mass.-based holding company for several property and casualty insurance companies, has appointed Bryan J. Salvatore as executive vice president and president of specialty, effective June 12. In this role, Salvatore will lead the …

Allstate’s Encompass Insurance to Exit Massachusetts This Summer

Encompass Insurance, an Allstate Insurance company that sells business through independent agents, outlined in its first quarter 2017 earnings news release its intent to withdraw from Massachusetts as part of its profit improvement actions starting in late June of this …

The Hanover Launches Professional Liability Risk Management Portal

The Hanover Insurance Group, Inc. has launched a new online portal featuring risk management tools for the professional liability industry. HanoverProRisk offers articles, templates, risk bulletins and seminars focused on the needs of agents and customers. Resources on the site …

Hanover Insurance Names Keim to Strategy Post

The Hanover Insurance Group Inc., a Worcester, Mass., based holding company for several property and casualty insurance companies, has appointed Mark L. Keim as executive vice president of corporate development and strategy. His appointment is effective Monday, November 21. In …

InsurTech Startup Launches Lease Guarantee Platform in New York

TheGuarantors, a New York based insurance tech startup founded in 2014, is seeking to make renting an apartment in New York easier for landlords, brokers and renters through its newly launched tech-enabled lease guarantee platform. The platform, which serves as …