The Hanover’s Q1 CoR spikes 11 points to 104.4% on high cat losses
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The Hanover’s Q1 CoR spikes 11 points to 104.4% on high cat losses

Jairo Ibarra
May 02, 2023
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The Hanover Group’s Q1 combined ratio worsened by 11 points to 104.4%, as the company faced higher catastrophe losses, especially in its core commercial and personal lines divisions.

Last month, the insurer pegged its Q1 pre-tax cat losses at $175mn, a 12.7-point contribution to the quarter’s CoR.

The

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Jairo Ibarra
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