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04 June 2018
Massachusetts
Reporter Ned Holmes

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The Hanover adds new alternative markets president

The Hanover Insurance Group has appointed Frank Baron as its president of alternative markets, a newly formed business unit in the company’s domestic specialty group.

Baron will head The Hanover’s specialty programmes, excess and surplus, and specialty brokerage business.

He will be responsible for helping the company expand its business across these specialties as well as providing its agent partners with a more seamless solution.

Baron has 30 years of experience in the industry and previously worked as executive vice president at Zurich, where he was in charge of the company’s management solutions group.

Prior to joining Zurich in 2009, he held multiple roles at AIG, including director of the AIG Insurance School between May 2006 and October 2008.

The Hanover is a holding company for several property and casualty insurance companies, which together constitute one of the largest insurance businesses in the US.

Brian Salvatore, president of specialty at The Hanover, said the organisation was pleased to welcome Frank Baron.

Salvatore stated: “He brings a wealth of experience and will leverage the strengths within our broad and innovative capabilities to deliver programmes, captive and fronting solutions and non-admitted placements, making it easier and more efficient for our partners to better serve their specialty clients."

Baron commented: “I am excited to join The Hanover and lead the new alternative markets unit."

He added: “The Hanover has earned a strong reputation among independent agents and brokers. I am looking forward to working with the domestic specialty team to continue to drive underwriting and operational excellence for our agent partners and customers."

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