UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Item 8.01 Other Events
Pursuant to analyst inquiries about The Hanover Insurance Group, Inc.’s (the “Company”) reinsurance recoverable due from R&Q Insurance Holdings Ltd (“R&Q”) as of December 31, 2023, as reported in the Company’s 2023 Annual Report on Form 10-K, the Company is providing the following additional information.
Effective July 1, 2024, the reinsurance agreement underlying $33.5 million of the recoverable reported as of December 31, 2023, was fully novated from R&Q to a subsidiary of Enstar Group Limited (“Enstar”). The reinsurance recoverable under the novated reinsurance agreement with Enstar remains fully collateralized by assets in trust.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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The Hanover Insurance Group, Inc. (Registrant) |
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Date: August 14, 2024 |
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By: |
/s/ Jeffrey M. Farber |
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Jeffrey M. Farber |
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Executive Vice President and Chief Financial Officer |
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