This is the insurer’s second announcement into a new state in as many years
Worcester-based The Hanover Insurance Group, Inc. has officially announced its expansion into the Maryland Personal Lines marketplace. The company’s expansion will expand its mid-Atlantic footprint and build on the company’s existing commercial lines market in the state.
“We are committed to being our agents’ carrier of choice for preferred accounts and offering a full suite of insurance solutions for their clients,” said Daniel C. Halsey, president of personal lines at The Hanover. “Maryland has always been a strong market for us on the commercial lines side of our business, with exceptional agency partnerships, and we are excited to bring our robust personal lines offering to the state’s top agents.”
This is the second state that the insurer has entered since 2019. Our readers may remember that in September of 2019, The Hanover announced its entrance into the Vermont Personal Lines marketplace. The Hanover is currently the 22nd largest Private Passenger Auto Insurer in the United States right after MAPFRE.
The insurer will offer a suite of products to be sold through its independent agent partners
As part of the company’s expansion into Maryland’s personal lines market, The Hanover is offering agents a suite of products and services including:
The Platinum Experience: A customizable account solution featuring home and auto insurance coverage, competitive pricing and valuable discounts
Prestige: A set of home and auto coverage and service solutions for high value accounts with more complex asset protection needs
Supporting lines: A set of additional personal lines offerings including umbrella, dwelling fire and watercraft to provide tailored protection for account customers
TAP Sales: A quote and issue platform with an intuitive design and modern workflow, making it even easier for agents to serve their customers in a faster and more efficient way
The Hanover Customer Service Center: An extension of the independent agency that provides agents with additional resources to help them compete in the marketplace, gain more flexibility, and focus on growth.
“We look forward to expanding our partnership with The Hanover to include their wide range of personal lines products and services to help protect our customers’ most valuable assets,” said Paul Green, Executive Vice President of Maury, Donnelly & Parr, a leading independent insurance agency in Maryland. “Our agency aligns itself with the best carriers in the industry and The Hanover’s offerings will serve our customer base well.”
More about The Hanover
The Hanover Insurance Group, Inc. is the holding company for several property and casualty insurance companies, which together constitute one of the largest insurance businesses in the United States. The company provides exceptional insurance solutions through a select group of independent agents and brokers. Together with its agent partners, The Hanover offers standard and specialized insurance protection for small and mid-sized businesses, as well as for homes, automobiles, and other personal items.