The Hanover Insurance Group News

The Hanover Enters Vermont Personal Lines Insurance Market

The Hanover Insurance Group, Inc. has expanded its business in Vermont to include personal lines insurance and appointed a group of independent agents in the state to serve its growing customer base. According to The Hanover, the launch in Vermont …

The Hanover Adds Watercraft Coverage to Personal Lines Product Suite

The Hanover Insurance Group, Inc. has expanded its suite of personal lines insurance products to include a new watercraft insurance offering. As part of the new offering, The Hanover’s watercraft product will offer: Broadened range of coverage for watercrafts including …

Hanover Insurance Weighs Selling London Specialty Unit Chaucer

The Hanover Insurance Group is weighing the sale of its international specialty insurance business, London-based Chaucer. The Worcester, Mass.-based company issued a statement confirming that it “is undertaking a review of strategic alternatives, including a possible sale” for Chaucer. The …

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 …