The Hanover discloses $133mn in Q1 cat losses; TX claims to cost $90mn
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The Hanover discloses $133mn in Q1 cat losses; TX claims to cost $90mn


The Hanover Insurance Group said on Thursday evening that it expects first-quarter catastrophes to cost the company $133mn, pre-tax, with Texas winter storm claims making up $90mn of the total.

Despite the winter storm claims, which mostly affected The Hanover’s commercial multi-peril line, the company said it still expected to report “strong financial performance” for the quarter, which it said was the result of its diversified business mix and...

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