Insuranceciooutlook

Convenient and Secure Insurance for SMBs

By Insurance CIO Outlook | Monday, January 21, 2019

Companies across all sectors face challenges in a difficult economic environment. Many financial institutions face additional pressures resulting from increased regulation, strong capital, and a global drive to improve disclosure, increase transparency, and improve the protection of shareholders. This is why the specialist responsibilities of financial institutions and providers of financial services are addressed. For a wide range of financial institutions, flexible insurance options are available, including coverage for banks, credit unions, insurance companies, investment advisors, hedge funds and mutual funds, venture capital, and private equity firms.

The Hanover Insurance Group holds a number of property and casualty insurance companies, which together form one of the largest insurance companies in the U.S. In this dynamic world, the company offers outstanding insurance solutions. Hanover distributes its products through a selection of independent brokers and agents. Together with its agents, Hanover offers standard and specialized insurance coverage for small and medium-sized enterprises as well as for homes, cars and other personal belongings.

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Bryan J. Salvatore, president of Hanover, says, “The expansion of our financial institutions' capability reflects our ongoing commitment to continually enhance our suite of excellent management and executive liability products and services to meet the needs of our agent partners.”

Recently, Hanover Insurance Group appointed Kevin Leach as Head of the portfolio of its financial institutions. Leach will be managing specialized insurance products and services for financial institutions in Hanover. Leach is a successful businessman and leader with extensive experience in the insurance industry. Most recently, he was a National Product Leader and Deputy Regional Head of Financial Institutions at Allianz Global Corporate & Specialty. Also, Leach developed and implemented national marketing strategies for financial institutions, managed employees across financial services, and expanded the business of several financial institutions significantly.

Hanover is now developing market-leading financial services capabilities that offer comprehensive account solutions for its commercial and specialist clients. The company also provides risk solutions to targeted small- and medium-sized financial institutions. Mainly, the company offers its risk solutions to asset managers, regional banks, and other financial services organizations. Hanover expects Leach to strongly support the existing business of the agents of the companies and to increase the ability of the company to acquire new businesses.

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