Thursday, Hanover Insurance Group, Inc. (THG), a provider of property and casualty insurance, announced that it has hired 165 insurance professionals, significantly strengthening its field operations, underwriting and loss control divisions, particularly in its west expansion and growth states. The company stated that all the appointments were effective January 1 and it is in accordance with its earlier announcement that it would significantly expand its footprint in Arizona, California, Colorado, New Mexico, Oregon, Utah and Washington.
The announcement follows the company's disclosure late last year that it has expanded in the west and entered into a renewal rights agreement with OneBeacon, acquiring access to $400 million in small and middle market commercial business at renewal.
Effective January 1, the OneBeacon agreement adds scale to the company's westward expansion and expands The Hanover's segment, adding nearly 20 well established programs to its portfolio.
Under the restructuring program, Hanover has made several key field appointments that will add many talented insurance professionals to its local team in the west, including Charlie Pelissier as regional vice president, Southern California; Steve Schaeberle as regional vice president, Arizona, Colorado, New Mexico and Utah.
Mark McGregor, branch manager, Washington and Oregon; Toni Mitchell as regional chief underwriting officer, Western region; and Rusty Manzo as senior marketing manager, small commercial affinity business.
The other key field appointments were, John Tillistrand to regional vice president, New York Metro and Connecticut; Rick Hernandez, branch manager, New York City; and David DeVinney, commercial lines underwriting manager, Long Island and Westchester County region.
Besides these, the company also hired several leaderes for field support positions throughout the country. These include, Chip Hamann, small commercial underwriting officer, responsible for underwriting strategy, quality management and product development management; Roger Pare, who will be responsible for middle market underwriting quality and execution and serve as the company's integration officer for the OneBeacon transaction; and Gayle Falvey, who will be responsible for ensuring the high-quality delivery of small and middle market services.
The Hanover appointed Audrey Keysa, underwriting manager, and Mark Thompson, underwriting manager, in its Buffalo, New York office; and added Wade Hartford, senior underwriting manager, and Kathryn Holland, senior operations manager, in its Salem, Virginia office.
The company expects that this restructure will help advance the company's performance even further, enabling it to continue to grow and succeed over the long term.
THG is traded at $44.47 down $0.15 or 0.34% on the NYSE.
For comments and feedback: editorial@rttnews.com