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A.M. Best Co. upgraded the financial strength of the property/casualty companies at The Hanover Insurance Group Inc., Worcester, Mass., from “A-” to “A.” The financial strength upgrades apply to The Hanover Insurance Co. of America, the companies of the AIX Group and all of their subsidiary companies. A.M. Best cited The Hanover’s “excellent risk-adjusted capitalization, stemming from improved operating earnings,” “improved underwrting performance and favorable reserve development” as well as “improved financial leverage and financial flexibility since 2003.” A.M. Best also recognized the benefits from the sale of The Hanover’s life insurance business. This marks the third time The Hanover’s financial strength ratings have been upgraded in the past 15 mos. Moody’s Investors Service and Standard & Poor’s upgraded the company’s ratings last year.

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