NU Online News Service, Nov. 04, 12:08 p.m. EDT
Net written premiums for The Hanover Insurance Group were up 17 percent during the 2010 third quarter compared with the prior year period due to its implementation of a deal announced late last year with OneBeacon Insurance Group.
Hanover said its net income for the third quarter was $52.3 million compared to $49.7 million during the same quarter a year ago.
Frederick H. Eppinger, chief executive officer, said the company's strategic plan is working. He said Hanover's focus on "industry-focused niches and specialty line, geared toward Main Street business, have allowed [Hanover] to gain shelf space with winning agents without engaging in aggressive pricing behavior."
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