THG Profile
The Hanover Insurance Group, Inc., headquartered in Worcester, Massachusetts, operates as a leading provider of property and casualty insurance products and services across the United States. Founded in 1852 and formerly known as Allmerica Financial Corp., the company rebranded as The Hanover Insurance Group, Inc. in December 2005, reflecting its longstanding commitment to insurance excellence.
The company functions through three primary segments: Commercial Lines, Personal Lines, and Other. The Commercial Lines segment offers a comprehensive range of insurance solutions including commercial multiple peril, commercial automobile, workers' compensation, management and professional liability, marine, specialty industrial and commercial property, general liability, surety, umbrella, fidelity, and crime coverages tailored to businesses of all sizes.
In its Personal Lines segment, The Hanover Insurance Group provides personal automobile and homeowner's insurance, along with personal umbrella, inland marine, fire, personal watercraft, personal cyber, and miscellaneous coverages. These offerings are designed to safeguard individuals and families against a wide array of risks and liabilities.
Additionally, the Other segment of The Hanover markets investment management services to institutional clients, pension funds, and other organizations, enhancing its portfolio of financial services. The company distributes its insurance products and services primarily through a network of independent agents and brokers, ensuring personalized service and expert advice tailored to the unique needs of its diverse customer base.
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