Hanover Poised To Profit From Industry Distress

Insurer plans on growing specialty biz

It’s not that Frederick Eppinger isn’t sympathetic to insurance companies like The Hartford Financial Services Group, which are facing strained balance sheets in the current financial market chaos.

He freely admits that The Hanover Insurance Group Inc., where he is president and CEO, hasn’t always been immune from that kind of stress: “We did a lot of things that people are doing today five years ago,” he said.

Fred Eppinger, chairman and CEO of The Hanover Insurance Group.But, at the same time, Eppinger says his company, based in Worcester, is poised to take advantage of the situation by buying pieces of failing companies or just hiring away their employees...

WB Journal: Hanover Poised To Profit From Industry Distress