Allmerica Financial Corporation Changes Name to 'The Hanover Insurance Group, Inc.'
December 01 2005 - 9:00AM
PR Newswire (US)
Company stock to trade on New York Stock Exchange as 'THG'
WORCESTER, Mass., Dec. 1 /PRNewswire-FirstCall/ -- Allmerica
Financial Corporation confirmed that effective today it will be
known as "The Hanover Insurance Group, Inc." ("The Hanover") and
the company's stock will trade on the New York Stock Exchange under
the stock ticker symbol "THG." The company initially announced its
intention to change its name and ticker symbol in a news release
issued October 31. (Logo:
http://www.newscom.com/cgi-bin/prnh/20051031/NEM023LOGO ) "This is
an important day in the life of our company," said Frederick H.
Eppinger, president and chief executive officer of The Hanover.
"Over the past two years, we successfully managed a broad
restructuring effort, creating a very distinctive super-regional
property and casualty company. Our new name represents a milestone
in our journey, re-inforces our commitment to our agent partners
and policyholders, and reflects the strength and experience of our
company." The Hanover, based in Worcester, Mass., is the holding
company for a group of insurers that includes The Hanover Insurance
Company, also based in Worcester, and Citizens Insurance Company of
America, headquartered in Howell, Michigan. The holding company's
new name is taken from The Hanover Insurance Company, the oldest
and largest company in the group. The organization will use The
Hanover Insurance Group as its primary identity in all of its
markets except Michigan, where Citizens is one of the largest
providers of property and casualty insurance and has established a
very strong market presence and brand recognition. In Michigan, the
company will continue to lead with the Citizens name, and will
identify itself as "a company of The Hanover Insurance Group." The
Hanover (NYSE:THG) 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 35 of more than 950 property and casualty insurers in the
United States. Contacts: Investors: Media: Sujata Mutalik, (508)
855-3457 Michael Buckley, (508) 855-3099 E-mail: E-mail:
http://www.newscom.com/cgi-bin/prnh/20051031/NEM023LOGO
http://photoarchive.ap.org/ DATASOURCE: The Hanover Insurance
Group, Inc. CONTACT: Media: Michael Buckley, +1-508-855-3099, , or
Investors: Sujata Mutalik, +1-508-855-3457, , both of The Hanover
Insurance Group, Inc.
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