Latest Hanover Headlines
All the headlines from our Hanover Topic Page, ordered by recency.
Hanover Insurance Profit Soars 61% in 3d Quarter
Oct 30 2007 // With fewer catastrophe claims to pay, Hanover Insurance Group Inc.’s profit jumped 61 percent in the third quarter, the company reported this week. Net income for the third quarter of $53.9 million, or $1.03 per...
Hanover Offering Discounts in Mass. for Advanced Driver Training Course
Sep 27 2007 // As Massachusetts prepares to move to a more competitve auto insurance system, The Hanover Insurance Group announced it will offer discounts on an advanced driver training course for its policyholders and their family...
People
Sep 24 2007 // The National Association of Professional Surplus Lines Offices has named its officers and directors for the 2007-2008 term. The new NAPSLO president is Mary Ellen Rozzell, who is with Continental/Marmorstein & Malone...
New CFO Leaves Hanover Insurance
Sep 18 2007 // The Hanover Insurance Group, Inc. has confirmed that its recently-hired executive vice president and chief financial officer, John J. Leahy, is resigning for personal reasons. The company said the search for a successor is...
The Hanover Completes Acquisition of Lawyers’ Insurer, Professionals Direct
Sep 17 2007 // The Hanover Insurance Group, Inc. reports it has completed the previously announced acquisition of Professionals Direct, Inc. for $23.2 million. Professionals Direct’s companies specialize in lawyers professional...
Hanover Names Morelli Regional V.P., Personal Lines, in N.Y.
Sep 4 2007 // The Hanover Insurance Group, Inc. announced that Roger Morelli has been named regional vice president for personal lines for the company’s New York territory. Morelli will be responsible for both the Upstate and...
Hanover Names Lavey Northeast Region President
Aug 24 2007 // The Hanover Insurance Group has named Richard W. Lavey regional president for the Northeast region, including the company’s operations in Connecticut, Maine, Massachusetts, New Hampshire, New Jersey and New York. In...
Officer Assigned to The Hanover’s Southeast and Central Regions
Aug 2 2007 // The Hanover Insurance Group Inc., has strengthened its underwriting capabilities with the appointment of Robert Collins as chief underwriting officer for the Southeast and Central regions, including the states of Arkansas,...
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...
