The Hanover Insurance Group News

The Hanover Targets Home-Based Businesses with New Coverage Suite

The Hanover Insurance Group, Inc. has launched a suite of coverages designed to protect homeowners who generate income through home-based businesses or short-term rentals of their properties. The Hanover’s new offering addresses a gap insurance coverage and is designed to …

The Hanover Enhances Accountants Professional Lines Product

The Hanover Insurance Group, Inc. has added enhancements to its Hanover Accountants Professional Advantage product and its Hanover Allied Healthcare Advantage offering. Hanover Accountants Professional Advantage offers standalone coverage for a range of professionals, from small tax preparers to top …

Financial Institutions Offering from Hanover Targets Asset Managers, Depositories

The Hanover Insurance Group has launched Hanover Financial Institutions Advantage, a new offering that provides small to mid-sized asset managers and depository institutions with coordinated property, casualty, management and professional liability coverages. The Hanover Financial Institutions Advantage comprehensive product suite …

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 …