The Hanover Insurance Group, Inc. Elects Michael D. Price to Board of Directors

By a News Reporter-Staff News Editor at Insurance Weekly News -- The Hanover Insurance Group, Inc. (NYSE: THG) announced that Michael D. Price has been elected to the company's board of directors, effective July 3, and will serve on the board's audit committee. Price, 50, is a highly experienced senior insurance executive.

"Michael is a tremendously talented insurance executive with a broad perspective on our business," said Kevin Condron, chairman of the board of directors at The Hanover. "He brings a wealth of insurance experience and exceptional financial acumen to the position. We are pleased to have Michael join the board."

Over the course of his career, Price has served in senior roles with several insurance companies. Most recently, he was president, chief executive officer and deputy chairman of Platinum Underwriters Holdings, Ltd., from 2005 until its acquisition by RenaissanceRe Holdings Ltd in 2015. Prior to that, he served as Platinum's chief operating officer, and was president of Platinum U.S. from 2002 until 2005. Price was chief underwriting officer of Platinum's predecessor, the former reinsurance segment of The St. Paul Companies, Inc. Previously, he was chief operating officer of Associated Aviation Underwriters Incorporated, a subsidiary of Global Aerospace Underwriting Managers Ltd., and held progressively senior roles within other companies in the property and casualty industry. He began his career with the actuarial and consulting firm of Milliman & Robertson.

Price earned a bachelor's degree from the University of Wisconsin-Milwaukee. He also earned certificates in risk management from Insurance Institute of America, Stanford University, Global Association of Risk Professionals, and Yale University. He is a member of the American Academy of Actuaries and a fellow of the Casualty Actuarial Society.

Keywords for this news article include: Financial Companies, Property and Casualty Insurance Companies.

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