The Hanover Q2: Leaning into the specialty pivot
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The Hanover Q2: Leaning into the specialty pivot

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The second-quarter earnings season is turning out to be a game of whack-a-mole. One day you are whacking the commercial lines margin contraction discussion. Another day it’s macro concerns. Then it’s back to auto loss-cost trends.

This seesawing has resulted in a commensurate move in stock prices. It started with Truist and Travelers, swung back with Chubb, and then again with The Hartford.

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