Worcester, Mass.-based Hanover Insurance Group Inc. said it has completed the previously announced acquisition of the lawyers liability insurer Professionals Direct Inc. for $23.2 million.
Frederick H. Eppinger, chief executive officer of The Hanover Insurance Group, said in a Friday statement that adding the professional liability product capability to the firm's commercial lines helps the firm's independent agent partners meet more of their customer needs and expand their business.
“Lawyers professional liability insurance is a natural complement to the types of business our agents are writing in the small-to-midsized market,” Mr. Eppinger said.
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