Worcester, Mass.-based insurer The Hanover Insurance Group Inc. announced it has agreed to acquire Verlan Holdings Inc. Terms of the deal were not released.
Hanover said Silver Spring, Md.-based Verlan Holdings Inc. is a holding company that provides insurance to manufacturers and distributors of chemical-related products.
The firm's primary business, Verlan Fire Insurance Company, offers property coverage to small and medium-sized companies that manufacture, store, transport and use chemicals such as paints and solvents. The company has served this segment for nearly 40 years and is recognized for its expertise in providing insurance to companies that are classified as highly protected risks.
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