Latest Hanover Headlines
All the headlines from our Hanover Topic Page, ordered by recency.
Ratings: Western, Hanover (debt), Public Service/Magna Carta, First Hawaii
Mar 2 2010 // A.M. Best Co. has downgraded the financial strength ratings to ‘B++’ (Good) from ‘A-‘ (Excellent) and issuer credit ratings to “bbb” from “a-” of Western Insurance Company...
Hanover to Exit Louisiana Homeowners Market, Then Re-Enter
Feb 22 2010 // In a move he says will prevent the addition of policies into Louisiana Citizens Property Insurance Corporation’s book of business, Louisiana Insurance Commissioner Jim Donelon has approved an agreement with The...
Hanover Wants to Shift Some Louisiana Policyholders
Feb 5 2010 // The Hanover Insurance Group has asked state insurance regulators for permission to shut down two of the three property insurance companies it operates in Louisiana and shift about half of the affected 15,500 policyholders...
The Hanover Sees Earnings Jump
Feb 4 2010 // Massachusetts-based insurer The Hanover Insurance Group Inc. saw fourth-quarter profits jump 68 percent to $57.3 million, up from $34.1 million in the year-ago quarter. For the year, net income was $197.2 million, up from...
Ratings Recap: Assurant, PacWest, New Mexico Casualty, Campmed
Jan 22 2010 // Standard & Poor’s Ratings Services announced that its ratings on “U.S.-based Assurant Inc. (BBB/Negative/A-2) and related entities are not affected by the settlement of an SEC investigation regarding...
Business Risk Exclusion Means No Coverage for Toppled Conn. House
Jan 21 2010 // The Hanover won’t have to pay $26,000 in claims on behalf of a Connecticut contractor who accidentally knocked over the house he was working on, a Connecticut Superior Court has ruled. The decision comes from a...
The Hanover Acquires The Campania Group
Jan 19 2010 // Worcester, Massachusetts-based insurer The Hanover Insurance Group Inc. will acquire The Campania Group, a medical and general liability insurer for the health care industry. Terms of the deal were not disclosed. The...
The Hanover Insurance: Focused on Niches, Says More Acquisitions Likely
Jan 14 2010 // 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 insurer in the next several years. Having just entered into a renewal...
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,...
