Latest Hanover Headlines
All the headlines from our Hanover Topic Page, ordered by recency.
Hanover Insurance Completes Sale of Remaining Run-Off Life Business
Jul 31 2008 // The Hanover Insurance Group, Inc., in Worcester, Mass., has signed an agreement to sell its remaining run-off life insurance business, First Allmerica Financial Life Insurance Co. (FAFLIC), to Commonwealth Annuity and Life...
Hanover Opens New Branch in North Carolina
Jul 11 2008 // Massachusetts-based The Hanover Insurance Group opened a new office in Charlotte, North Carolina. David Bradford, regional vice president, North Carolina, will continue to lead the company’s efforts in the state. An...
Best Affirms Hanover Group’s Ratings
Jun 13 2008 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of Hanover Insurance Group Property and Casualty Companies of Worcester,...
Hanover Group Names Knipfer Regional Vice President, Wisconsin
Jun 4 2008 // The Hanover Insurance Group recently announced that it has strengthened its presence in Wisconsin, naming Andrew R. Knipfer, CPCU, ARM, regional vice president for commercial lines. In this role, Knipfer will oversee all...
Ratings Recap: Safe, Philadelphia, Premier, Starr Indemnity, Hanover, LUBA, Premier, American Underwriters
Jun 2 2008 // A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A-‘ (Excellent) from ‘B++’ (Good) and issuer credit rating (ICR) to “a-” from “bbb” of Safe Insurance...
Best Affirms Hanover Fire’s ‘B+’ Rating; Revises Outlook to Negative
May 28 2008 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘B+’ (Good) and the issuer credit rating (ICR) of ‘bbb-‘ of Hanover Fire and Casualty Insurance Company of Conshohocken, Penna....
Hanover Names Guiney Southeast V.P., Commercial Lines
May 23 2008 // The Hanover Insurance Group Inc. announced that Jerome Guiney has been named regional vice president for commercial lines for the company’s Southeast Region. Guiney will work out of The Hanover’s Atlanta office...
Hanover Enhances Towing, Rental Car, Other Personal Lines Benefits
May 23 2008 // The Hanover Insurance Group, Inc. is offering enhancements to its automobile and homeowners policies for towing, labor, and rental cars as well as waived deductibles and guaranteed policy renewals. The new personal...
New Hanover Insurance Program Targets Real Estate Owners, Managers
May 14 2008 // The Hanover Insurance Group, Inc. has unveiled Real Estate Advantage, a new insurance program offering specialty coverages to for commercial real estate owners and managers. Real Estate Advantage offers coverages for...
Hanover Insurance Grows Commercial Lines, Shrinks Personal Lines in 1Q
May 1 2008 // The Hanover Insurance Group, Inc. in Worcester, Mass., reported a drop in net income, an increase in commercial lines business and higher losses on personal lines for the first quarter of 2008. The company’s net...
Hanover Insurance Sheds Premium Finance Unit, AMGRO
Mar 13 2008 // Worcester, Mass.-based The Hanover Insurance Group, Inc. said it will divest its non-insurance, premium finance subsidiary, AMGRO, Inc. and its subsidiaries, to Premium Financing Specialists, Inc. of Kansas City,...
Mass. AG Loses Another as Hanover’s Auto Insurance Filing is Cleared
Jan 30 2008 // Massachusetts Attorney General Martha Coakley has lost another skirmish in the battle over regulation of 2008 auto insurance rates. Insurance Commissioner Nonnie Burnes has upheld the rate filing of Hanover Insurance,...
For 2007, Hanover Reports P/C Earnings Up 20%; Premiums Up 5%
Jan 29 2008 // The Hanover Insurance Group Inc. in Worcester, Mass. reported a rise in earnings for the fourth quarter and last year overall while its chief executive officer expressed confidence the company has “momentum leading...
Hanover Insurance to Acquire Chemical Industry Insurer Verlan
Jan 14 2008 // Worcester, Mass.-based The Hanover Insurance Group, Inc. has agreed to acquire Verlan Holdings, Inc., a Silver Spring, Maryland-based holding company that provides insurance to manufacturers and distributors of...
Hanover Program Targets Mid-to-High End Hotels
Dec 19 2007 // The Hanover Insurance Group, Inc. is making available a new insurance program — The Hanover Hospitality Advantage — for hotels and motels. The Hanover Hospitality Advantage was developed to help the...
Mass. Auto Insurers Get Into Gear for Competition
Dec 2 2007 // Most plan to cut rates as state moves ahead with plan for managed competition for 2008 Auto insurance carriers are looking to compete by rewarding drivers with good driving records, good grades, hybrid vehicles, property...
Mass. Drivers Get Taste of Competition; Insurers Cut Rates, Enhance Products
Nov 20 2007 // Drivers with good driving records, good grades, hybrid vehicles, property policies and pets are among those who could benefit under auto insurance rating plans filed for use in 2008 in Massachusetts. Indeeed, most drivers...
Hanover Among First to Tout Mass. Auto Rates; Vows Agent Appointments
Nov 19 2007 // The Hanover Insurance Group, Inc. was one of the first insurers to tout its competitive rates and product filings at today’s deadline for auto insurers looking to compete in Massachusetts under the new managed...
Myron Named Treasurer at Hanover Insurance
Nov 13 2007 // The Hanover Insurance Group, Inc. announced that Robert P. Myron has been appointed director of corporate finance and treasurer. In this role, he will oversee the company’s corporate finance activities, including...
Hanover Ready to Offer Connector Product in New Mass. Auto Market
Nov 9 2007 // As Massachusetts prepares to open up its private passenger auto insurance market to more competition, The Hanover Insurance Group, Inc. is ready to drive in with coverages it has been offering in other states but not in...
