WORCESTER, Mass., June 21, 2017 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) and its subsidiary, Chaucer, today announced that the Central Bank of Ireland has approved the formation of a Dublin-based company, Chaucer Insurance Company DAC (Chaucer Dublin), to write international specialty insurance business.
"Chaucer Dublin will provide us with enhanced specialty capabilities, enabling us to better serve our partners and customers while advancing our Hanover 2021 strategy," said Joseph M. Zubretsky, president and chief executive officer at The Hanover. "With the addition of this new platform, Chaucer offers its clients the benefits of both Lloyd's and company market platforms, providing greater flexibility, and increases its access to business worldwide."
"The formation of Chaucer Dublin is a win for brokers and clients, providing them with greater access to Chaucer's underwriting talent," said John Fowle, chief executive officer at Chaucer. "We look forward to providing new and innovative insurance solutions, benefiting from our established expertise and the strength of Ireland's financial services capabilities, international outlook, regulatory capabilities and proximity to London."
Michelle Moore, former managing director and chief operating officer of Markel Europe, will lead Chaucer Dublin. Michelle is a highly respected industry executive with over 20 years of experience in the international insurance and reinsurance markets, including senior executive roles in Dublin, London and Bermuda.
ABOUT THE HANOVER
The Hanover Insurance Group, Inc. is the holding company for several property and casualty insurance companies, which together constitute one of the largest insurance businesses in the United States. The company provides exceptional insurance solutions in a dynamic world. The Hanover distributes its products through a select group of independent agents and brokers. Together with its agents, The Hanover offers standard and specialized insurance protection for small and mid-sized businesses, as well as for homes, automobiles, and other personal items. Through its international member company, Chaucer, The Hanover also underwrites business at Lloyd's of London in several major insurance and reinsurance classes, including marine, property and energy. For more information, please visit hanover.com.
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SOURCE The Hanover Insurance Group, Inc.