The Hanover Insurance Group
440 Lincoln Street, Worcester, MA, 01653, United States
Overview
The Hanover Insurance Group, Inc., based in Worcester, Mass., is the holding company for several property and casualty insurance companies, which together constitute one of the largest insurance businesses in the United States. For more than 160 years, The Hanover has provided a wide range of property and casualty products and services to individuals, families, and businesses. The Hanover distributes its products through a select group of independent agents and brokers. Together with its agents, the company offers specialized coverages for small and mid-sized businesses, as well as insurance protection for homes, automobiles, and other personal items. Through its international member company, Chaucer, The Hanover also underwrites business at Lloyd's of London in several major insurance and reinsurance classes, including marine, property and energy. The Hanover is committed to making a difference, in its business and in the communities it calls home. For generations, their company and their employees have worked together to make the communities where they live and work healthier, stronger, and more vibrant.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 8
Sector focus
- Insurance
Investment portfolio
- Openly
Participated · Seed · Nov 2019
Founded in 2017, Openly focuses exclusively on serving independent insurance agents through a technology-enabled platform that streamlines quoting and delivers homeowners coverage. The company currently works with more than 60,000 agent partners across 24 states. Openly highlights an underwriting approach centered on disciplined risk selection, pricing precision, and portfolio management, which it says has produced strong performance despite elevated natural catastrophe activity. With the recent growth investment and an expanded reinsurance partnership with Allianz Re, Openly said it has strengthened its balance sheet and access to reinsurance capacity. The company plans to use the capital to expand into additional states, deepen relationships with independent agents, and broaden its product offerings. Strategic participation from Allianz X accompanies the new funding and reinsurance expansion.