The Hanover Insurance Group Completes Acquisition of Campania Group

WORCESTER, Mass., April 7 /PRNewswire-FirstCall/ -- The Hanover Insurance Group, Inc. (NYSE: THG), a leading provider of property and casualty insurance, announced that it completed the previously announced acquisition of the Campania Group, which specializes in insurance solutions for the healthcare industry, on March 31, 2010. The company also announced that, after a review of the transaction, A.M. Best Company upgraded the financial strength rating of Campmed Casualty & Indemnity Company, Campania's underwriting subsidiary, to "A," (Excellent).

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Vienna, Virginia-based Campania Group provides professional and general liability solutions for a range of durable medical equipment suppliers and healthcare providers, including behavioral health specialists, eldercare providers, and podiatrists.

The transaction represents a significant step forward in The Hanover's commitment to offer a range of products for the healthcare industry, reaffirming the company's commitment to continue to provide industry-leading specialty insurance products to its partner agents.

"We are very pleased to add the Campania Group's specialized healthcare solutions to our expanding suite of industry and niche solutions," said Frederick H. Eppinger, chief executive officer of The Hanover. "This acquisition demonstrates our strong commitment to the healthcare business and to providing our agent partners even more distinctive value, helping them to strengthen their competitive positions and to grow their businesses over the long term."

Eppinger continued, "The A.M. Best upgrade of Campmed to 'A' will enable us to provide our partner agents with even more opportunity to capitalize on our newest venture."

"Through the Campania Group, The Hanover will be able to directly respond to agent partners' demand to work with The Hanover in serving the healthcare industry," said Andrew Robinson, president of The Hanover's Specialty Casualty businesses. "The Campania Group is one of the best carriers serving this market, offering disciplined underwriting, competitive products and operations, and  a seasoned and respected team of specialized insurance professionals."  

Founded in 1992, the Campania Group offers products in 30 states, as well as the District of Columbia. The acquisition represents a significant opportunity for the Campania Group, enabling the company to further accelerate the growth of its business through The Hanover's exclusive network of partner agents.

About The Hanover

The Hanover Insurance Group, Inc. (NYSE: THG), based in Worcester, Mass., is the holding company for a group of insurers that includes The Hanover Insurance Company, also based in Worcester; Citizens Insurance Company of America, headquartered in Howell, Michigan; and their affiliates. The Hanover offers a wide range of property and casualty products and services to individuals, families and businesses through an extensive network of independent agents, and has been meeting its obligations to its agent partners and their customers for more than 150 years. Taken as a group, The Hanover ranks among the top 30 property and casualty insurers in the United States.

About The Campania Group

The Campania Group has served the specialty healthcare insurance market since its founding in 1992. Campania is an innovative leader in the field of affinity group marketing and the development and marketing of property and casualty insurance programs for trade associations representing the health care industry. The company employs experienced insurance agents and brokers, underwriters, claims managers and risk managers who understand the complexities of health care liability risks and assist both insureds and insurance company customers.

Campania serves approximately 3,000 providers of specialty and sub-acute healthcare products located in 30 states as well as the District of Columbia. Customers include long term care facilities, assisted living facilities, behavioral health hospitals, rehabilitation hospitals, sub-acute healthcare providers and suppliers of homecare services, home medical equipment, medical device manufacturers, infusion and respiratory therapy services, retail and institutional pharmacies and rehabilitative and assistive technologies.

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SOURCE The Hanover Insurance Group, Inc.

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