The Hanover discloses $133mn in Q1 cat losses; TX claims to cost $90mn
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

The Hanover discloses $133mn in Q1 cat losses; TX claims to cost $90mn

James Thaler
April 15, 2021
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
hanover-group-worcester-ma-logo.jpg

The Hanover Insurance Group said on Thursday evening that it expects first-quarter catastrophes to cost the company $133mn, pre-tax, with Texas winter storm claims making up $90mn of the total.

Despite the winter storm claims, which mostly affected The Hanover’s commercial multi-peril line, the company said it still expected to report “strong financial performance” for the quarter, which it said was the result of its diversified business mix and...

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Request a free trial Already a subscriber? Log in now

Topics

News Regionals Earnings
JT
James Thaler
Gift this article