The Hanover’s underwriting profits dip 49% in Q3 on Ida costs and inflationary pressures
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The Hanover’s underwriting profits dip 49% in Q3 on Ida costs and inflationary pressures

Giovanna Bellotti Azevedo
October 27, 2021
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Hurricane Ida and other severe weather and inflationary pressures pushed The Hanover Group to an underwriting loss for the third quarter.

The Massachusetts-based firm posted an underwriting loss of $30.9mn, reversing a year-ago profit of $61.4mn, for the three months ended September 30.

Adjusted

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Giovanna Bellotti Azevedo
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