WORCESTER, Mass., April 2 /PRNewswire-FirstCall/ -- The Hanover Insurance
Group, Inc. (NYSE: THG), a leading super regional property and casualty
company, today announced the introduction of BONDirect in New Hampshire, New
Jersey and New York. BONDirect is an online point-of-sale system that enables
the company's key agent partners to quote, issue and print a variety of
commercial surety bond business more efficiently than ever.
(Logo: http://www.newscom.com/cgi-bin/prnh/20051031/NEM023LOGO )
Accessed through The Hanover's convenient portal, The Agency Place (TAP),
BONDirect allows select 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. Surety, Court and Fiduciary, License and Permit and Individual
Public Official bonds are available through BONDirect.
"BONDirect enables our agent partners to produce bonds right in their
offices and present them to clients in real-time," said Richard Van
Steenburgh, vice president of The Hanover's bond division. "This high-end
transactional tool helps our agent partners to better serve their small to
mid-sized commercial customers and, at the same time, allows them to focus on
the things that matter most, such as clients and new business."
BONDirect was launched and widely accepted by agents in Connecticut,
Florida, Georgia, Illinois, Indiana, Maine, Massachusetts and Michigan,
earlier this year.
One of the oldest bond markets in the country, The Hanover offers a wide
range of fidelity and surety products that are supported by local bond experts
and underwriting centers.
The Hanover is commitment to delivering a total account solution for the
small commercial marketplace, including business owners' policy, commercial
package policy, workers' compensation, commercial umbrella, commercial auto
and inland marine.
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 [email protected]@hanover.com
(508) 855-3457 (508) 855-4486
SOURCE The Hanover Insurance Group, Inc.
Contact: Sujata Mutalik, Investor Relations, +1-508-855-3457,
[email protected], or Amy Lynn Banek, Media Relations, +1-508-855-4486,
[email protected], both of The Hanover Insurance Group, Inc.