Gallagher reveals acquisition of Hanover Excess & Surplus

Gallagher | January 28, 2020

Gallagher reveals acquisition of Hanover Excess & Surplus
Global insurance brokerage and risk management firm, Arthur J. Gallagher & Co., has today announced its purchase of Hanover Excess & Surplus, a Wilmington, N.C.-based managing general agency (MGA). The MGA, which was launched in 1970, offers hard-to-place coastal commercial and personal property/casualty coverages, as well as professional liability coverages, to clients across North Carolina, South Carolina, Virginia and Georgia. Following the deal, Hanover Excess & Surplus will become part of Risk Placement Services, Inc. (RPS), Gallagher’s US wholesale brokerage operation. Matt Letson and the leadership team will remain based in Wilmington, N.C., and will work under the direction of Joel Cavaness, head of RPS.

Spotlight

Insurance provides financial protection to the community by pooling resources to manage risks. That approach is now being significantly refined by insurers’ increased capacity to examine risks in greater detail through the analysis of large volumes of granular data. The outcome is that increased individual risk pricing will make premiums fairer in that they will be more reflective of that risk.

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INSURANCE TECHNOLOGY

B2Z Insurance Introduces a Full Suite of Products to Protect a New Generation of Small Businesses

B2Z Insurance | May 17, 2021

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INSURANCE TECHNOLOGY

RVOS Insurance Selects Majesco’s CloudInsurer® Platform to Transform its Core Operations

Rvos Insurance, Majesco | January 18, 2021

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INSURANCE TECHNOLOGY

SafeAuto Launches Sober Driving Campaign to Give Drivers Safe Ways to Celebrate this Holiday Season

SafeAuto | November 17, 2021

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Spotlight

Insurance provides financial protection to the community by pooling resources to manage risks. That approach is now being significantly refined by insurers’ increased capacity to examine risks in greater detail through the analysis of large volumes of granular data. The outcome is that increased individual risk pricing will make premiums fairer in that they will be more reflective of that risk.