WORCESTER, Mass., Jan. 4 /PRNewswire-FirstCall/ -- The Hanover Insurance
Group, Inc. (NYSE: THG), a leading super regional property and casualty
company, today announced the introduction of BONDirect in Connecticut,
Florida, Georgia, Illinois, Indiana, Maine, Massachusetts and Michigan.
BONDirect is an online point-of-sale system that enables agents to quote,
issue and print a variety of commercial surety bond business faster, and more
profitably than ever.
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Accessed through The Hanover's convenient portal, The Agency Place (TAP),
BONDirect allows agents to place coverage in minutes. The BONDirect system
also reduces the amount of paperwork involved in issuing Commercial Surety
Bonds, and provides convenient online account access including previous
transaction history. To further eliminate paperwork for agents, BONDirect also
enables clients to be billed directly for cancelable bonds purchased through
the system. Examples of Bonds available though BONDirect are Surety, Court and
Fiduciary, License and Permit, and Individual Public Official.
"For agents, BONDirect is an easy way to serve small to mid-sized
commercial clients, while growing the agency's bond business at the same
time," said Richard Van Steenburgh, vice president of The Hanover's bond
division. "BONDirect makes writing Commercial Surety Bond business faster,
easier and more efficient, which enables agents to focus on the things that
matter most, such as clients and new business."
"BONDirect will definitely help us to write business faster and help us
manage a larger volume of business than a traditional transactional system,"
said Richard Guarini, Director of Financial Coverage/Bonds at The Treiber
Group, a Garden City, NY-agency that has worked with The Hanover for nearly
six years. "As a full-service brokerage dedicated to our clients, we like the
system's ability to help us to process routine bonds quickly and efficiently
without a lot of back and forth."
To best handle all of an independent agent's bonding needs, The Hanover's
bond products are supported by bond underwriting centers, strategically
located throughout the country, and staffed with specialized underwriters. In
addition, local branch offices also provide bond underwriters who understand
local markets, and state laws governing bonds in a particular region.
The introduction of BONDirect reinforces The Hanover's commitment to
offering a total account solution for the small commercial marketplace. The
company's commercial lines product suite also includes business owners'
policy, commercial auto, umbrella, inland marine and workers' compensation.
About Treiber Group
Today, echoing the past 106 years, the Treiber way of doing business has
remained steadfast - hard work, a sense of caring and personal service. As a
result, The Treiber Group is ranked in the top 100 of the largest brokers in
the United States and in the top 25 among the privately held firms with over
150 dedicated employees. Learn more about The Treiber Group LLC by visiting
www.etreiber.com
About The Hanover
The Hanover Insurance Group, Inc. (NYSE: THG), based in Worcester, Mass.,
is the holding company for a group of insurers that includes The Hanover
Insurance Company, also based in Worcester; Citizens Insurance Company of
America, headquartered in Howell, Mich., and their affiliates. The Hanover
offers a wide range of property and casualty products and services to
individuals, families and businesses through an extensive network of
independent agents, and has been meeting its obligations to its agent partners
and their customers for more than 150 years. Taken as a group, The Hanover
ranks among the top 35 property and casualty insurers in the United States.
CONTACTS:
Investor Relations Media Relations
Sujata MutalikAmy Lynn Baneksmutalik@hanover.comabanek@hanover.com
(508) 855-3457 (508) 855-4486
SOURCE The Hanover Insurance Group, Inc.
Contact: Investors, Sujata Mutalik, +1-508-855-3457, or smutalik@hanover.com, or Media, Amy Lynn Banek, +1-508-855-4486, or abanek@hanover.com, both of The Hanover Insurance Group, Inc.