THE HANOVER INSURANCE GROUP, INC. (NYSE:THG) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Item 5.02(d) – Election of Michael D. Price
On May 30, 2017, the Board of Directors of The Hanover Insurance Group, Inc. (the “Company”) elected Michael D. Price to the Board of Directors of the Company for a term commencing on July 3, 2017.
Mr. Price, 50, served as President and Chief Executive Officer of Platinum Underwriters Holdings, Ltd. from 2005 until its acquisition by RenaissanceRe Holdings Ltd in 2015. Prior to that he served briefly as Platinum’s Chief Operating Officer, and was President of Platinum US from 2002 until 2005. Mr. Price was Chief Underwriting Officer of Platinum’s predecessor, the former reinsurance segment of The St. Paul Companies, Inc. Prior thereto, Mr. Price was Chief Operating Officer of Associated Aviation Underwriters Incorporated, a subsidiary of Global Aerospace Underwriting Managers Ltd., and held progressively senior roles within other companies in the property and casualty insurance industry.
Mr. Price will serve in the class of directors whose term expires at the Company’s 2019 annual meeting of shareholders, and will serve on the audit committee of the Board of Directors.
Mr. Price will receive the same compensation for his service on the Company’s Board of Directors as the Company’s other non-employee directors, but prorated to reflect that he was appointed mid-term.
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About THE HANOVER INSURANCE GROUP, INC. (NYSE:THG)
The Hanover Insurance Group, Inc. is a holding company. The Company is engaged in providing property and casualty insurance products and services. The Company has four segments: Commercial Lines, Personal Lines, Chaucer and Other. It markets its domestic products and services through independent agents and brokers in the United States, and conducts business internationally through a subsidiary, Chaucer Holdings Limited, which operates through the Society and Corporation of Lloyd’s (Lloyd’s). Its Commercial Lines product suite provides agents and customers with products designed for small, middle and specialized markets. Its Personal Lines coverages include other personal lines, which consist of umbrella and fire, among others. The Chaucer segment consists of international business written through Lloyd’s, including marine and aviation, and property. The Other segment consists of Opus Investment Management, Inc. (Opus), which provides investment advisory services to affiliates. THE HANOVER INSURANCE GROUP, INC. (NYSE:THG) Recent Trading Information
THE HANOVER INSURANCE GROUP, INC. (NYSE:THG) closed its last trading session down -0.29 at 82.58 with 169,734 shares trading hands.