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India

Hanover Insurance Group Inc (THG.N)

THG.N on New York Stock Exchange

113.61USD
1:32am IST
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Thu, Sep 13 2018

Hanover to sell specialty unit Chaucer to China Reinsurance for $950 million

Hanover Insurance Group Inc on Thursday decided to sell its unit that underwrites risks at insurance market Lloyd's to China Reinsurance Group Corp for $950 million to focus on expanding its domestic business.

UPDATE 2-Hanover to sell specialty unit Chaucer to China Reinsurance for $950 mln

Sept 13 Hanover Insurance Group Inc on Thursday decided to sell its unit that underwrites risks at insurance market Lloyd's to China Reinsurance Group Corp for $950 million to focus on expanding its domestic business.

Hanover Insurance to sell Chaucer unit to China Reinsurance for $950 mln

Sept 13 Hanover Insurance Group Inc said on Thursday it will sell Chaucer, its specialist insurance business, which underwrites risks at Lloyd's, to China Reinsurance Group Corp for $950 million to focus on expanding its domestic business.

BRIEF-The Hanover Q1 Earnings Per Share $1.57

* THE HANOVER REPORTS FIRST QUARTER NET INCOME AND OPERATING INCOME OF $1.57 AND $1.95 PER DILUTED SHARE, RESPECTIVELY; FIRST QUARTER COMBINED RATIO OF 96.9%; COMBINED RATIO EXCLUDING CATASTROPHES OF 91.3%; OPERATING RETURN ON EQUITY OF 11.8%

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