All the headlines from our Hanover Topic Page, ordered by recency.
Mar 26 2009 // The Hanover Insurance Group Inc. introduced a new insurance program that offers specialty coverages for wholesale distributors and manufacturers.The new program, Wholesale Advantage, offers coverage for a broad range of...
Feb 25 2009 // Worcester, Massachusetts-based insurer The Hanover Insurance Group has named Keith A. Powers as regional vice president, Commercial Lines, for the company’s Connecticut market. Powers, who will work out of the...
Feb 8 2009 // Former Iowa Insurance Commissioner Therese M. Vaughan, Ph.D., has been named chief executive officer of the National Association of Insurance Commissioners (NAIC), effective Feb. 18, 2009.Vaughan replaces Catherine J....
Feb 6 2009 // Fourth quarter profits at The Hanover Insurance Group fell 55 percent from $75.8 million a year ago to $34.1 million. Full-year net income dropped nearly 92 percent to $20.6 million, from the $253.1 million the Worcester,...
Feb 4 2009 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and downgraded the issuer credit ratings (ICR) to “aa-” from “aa” of American Family Life Assurance...
Jan 11 2009 // Alice A. Molasky Arman joined Western Insurance Co. as senior vice president of government relations. Molasky Arman recently retired from the State of Nevada, where she was recognized as the state’s longest serving...
Dec 23 2008 // A.M. Best Co. has assigned a financial strength rating of ‘A-‘ (Excellent) and an issuer credit rating of “a-” to Indiana-based Max America Insurance Company (MAIC) with a positive outlook on both....
Dec 1 2008 // Super regional insurance carrier The Hanover Insurance Group, Inc. has completed the previously announced acquisition of AIX Holdings, Inc.Windsor, Conn.-based AIX Holdings is a specialty property and casualty insurer that...
Nov 12 2008 // Worcester, Massachusetts-based The Hanover Insurance Group Inc. named Helen Ryan Savaiano as vice president, management liability, for the company’s commercial lines business. In this capacity, Savaiano will develop...
Oct 31 2008 // Worcester-Mass.-based Hanover Insurance Group Inc. posted a $61.8 million quarterly net loss, as like other insurers it felt the pain of storm and investment losses, but the CEO said his company remains in excellent...
Sep 24 2008 // The Hanover Insurance Group, Inc., with offices in Columbus, today announced it has named Bob Cohen to its local field leadership team in Ohio, reinforcing the company’s strong commitment to winning independent...
Sep 22 2008 // The Chubb Corp has named Richard G. Spiro executive vice president and chief financial officer, effective Oct. 1. Spiro, 44, succeeds the retiring Michael O’Reilly, who will remain at company until the end of 2008 to...
Sep 4 2008 // Worcester, Mass.-based The Hanover Insurance Group Inc. has appointed Alan Crater vice president of its Northeast marine team.In addition, Elaine Bartolini has joined The Hanover as assistant regional vice president for...
Sep 1 2008 // Aon, BenfieldChicago-based Aon Corp. is acquiring UK-based broker Benfield Group Limited for about $1.75 billion. The price includes $6.55 (£3.50) per share in cash and assumption of $170 million (£91 million) of...
Sep 1 2008 // Aon, BenfieldChicago-based Aon Corp. is acquiring UK-based broker Benfield Group Limited for about $1.75 billion. The price includes $6.55 (£3.50) per share in cash and the assumption of $170 million (£91 million...
Aug 15 2008 // The Hanover Insurance Group Inc. named Gary Y. Kusumi president of the company’s personal lines business. Kusumi will oversee the Worcester, Massachusetts-based company’s personal lines operations, including...
Aug 7 2008 // A.M. Best Co. and Standard & Poor’s Ratings Services have both indicated that The Hanover Insurance Group’s agreement to purchase all of the stock of AIX Holdings, Inc. (See related article) is unlikely to...
Aug 6 2008 // The Hanover Insurance Group will acquire Windsor, Connecticut-based specialty insurer AIX Holdings Inc., in a move designed to bolster The Hanover’s product and service capabilities for its agents, the company...
Aug 1 2008 // The Hanover Insurance Group, Inc. in Worcester, Mass. reported a net loss for the second quarter of 2008 of $10.2 million, compared to an income of $59.8 million in the second quarter of the prior year.Net income for the...
Aug 1 2008 // A.M. Best Co. and Standard & Poor’s Ratings Services have both reacted positively to The Hanover Insurance Group’s (THG) announcement that has reached agreement to sell its remaining run-off life insurance...