BuybackMay 13, 2026, 04:18 PM
Hanover Insurance Authorizes New $700M Share Repurchase Program
AI Summary
The Hanover Insurance Group, Inc. announced a new share repurchase program authorizing up to $700 million in repurchases, replacing the prior program which had $63 million remaining. The company also appointed Patricia A. Norton-Gatto as Principal Accounting Officer, succeeding Jeffrey M. Farber. Additionally, at its annual meeting, shareholders elected eight directors, approved executive compensation, and ratified PricewaterhouseCoopers LLP as the independent auditor for 2026.
Key Highlights
- Hanover Insurance Group authorized a new $700 million share repurchase program.
- The previous share repurchase program was terminated with approximately $63 million remaining.
- Patricia A. Norton-Gatto was appointed Principal Accounting Officer, effective May 13, 2026.
- Jeffrey M. Farber will no longer serve as Principal Accounting Officer.
- Shareholders elected eight directors to the Board at the annual meeting.
- An advisory vote on executive compensation was approved by shareholders.
- PricewaterhouseCoopers LLP was ratified as the independent auditor for 2026.