Hanover Insurance Group

#2501

Rank

$5.65B

Marketcap

United States

Country

Leadership team

Mr. John Conner Roche (Pres, CEO & Director)

Mr. Dennis Francis Kerrigan Jr. (Exec. VP, Gen. Counsel & Assistant Sec.)

Mr. Jeffrey Mark Farber (Exec. VP & CFO)

Products/ Services

Insurance

Number of Employees

1,000 - 20,000

Headquarters

Worcester, Massachusetts, United States

Established

1852

Company Registration

SEC CIK number: 0000944695

Net Income

100M - 500M

Revenue

Above - 1B

Traded as

THG

Social Media

URL

https://www.hanover.com

Overview

Location

Recognition and Award

References

Summary

The Hanover Insurance Group, Inc., through its subsidiaries, provides various property and casualty insurance products and services in the United States. The company operates through three segments: Commercial Lines, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, and workers' compensation insurance products, as well as management and professional liability, marine, specialty industrial and commercial property, monoline general liability, surety, umbrella, fidelity, crime, and other commercial coverages. The Personal Lines segment provides personal automobile and homeowner's coverages, as well as other personal coverages, such as personal umbrella, inland marine, fire, personal watercraft, personal cyber, and other miscellaneous coverages. The Other segment markets investment management services to institutions, pension funds, and other organizations. The Hanover Insurance Group, Inc. markets its products and services through independent agents and brokers. The company was formerly known as Allmerica Financial Corp. and changed its name to The Hanover Insurance Group, Inc. in December 2005. The Hanover Insurance Group, Inc. was founded in 1852 and is headquartered in Worcester, Massachusetts.

History

The Hanover Insurance Group was founded in 1852 in Hanover, PA as the Hanover Fire Insurance Company of Pennsylvania. Over the past century, the company has grown both organically and through acquisitions to become one of the largest insurance companies in the United States.

Mission

To be an involved corporate citizen and a responsible steward of the resources entrusted to us.

Vision

Our vision is to be the premier provider of personal and commercial property and casualty insurance solutions.

Key Team

Mr. Richard William Lavey (Exec. VP & Pres of Hanover Agency Markets)

Mr. Bryan James Salvatore (Exec. VP & Pres of Specialty)

Ms. Lindsay France Greenfield (Director, Pres & Treasurer)

Gayle Falvey (Sr. VP & COO)

Ms. Oksana Lukasheva (Sr. VP of Corp. Fin.)

Mr. Willard Ty-Lunn Lee (Exec. VP, Chief Information & Innovation Officer)

Jennifer F. Luisa (Sr. VP & Chief Marketing Officer)

Recognition and Awards

The Hanover has been named to Forbes’ America's Best Employers list in 2019 and achieved a three-star rating in the 2018 Best Employer Award by Morning Consult. The company was also included in the 2019 list of the Ward's 50 group of top-performing insurance companies.