Worcester-based Hanover Insurance Group Inc.’s first-quarter net income rose to $49.7 million compared with $29.3 million in the same period last year.

Worcester-based The Hanover Insurance Group Inc. will sponsor today’s 2012 Naismith Memorial Basketball Hall of Fame class announcement in New Orleans.

Bailed-out insurer American International Group (AIG) is looking at the possibility of purchasing whole loans as another investment vehicle, leveraging the growing market share of its mortgage insurance business, the company’s chief executive said in an interview with the Financial Times.

Massachusetts Mutual Life Insurance Co. has elected Greg Deavens, senior vice president, as its new corporate controller.

Personal lines insurers are evolving their business models in response to consumer-led pressures, according to a new study by Hartford’s Conning Research & Consulting.

Hanscom Federal Credit Union has opened Hanscom Insurance Agency LLC to provide a number of insurance products.

Worcester’s The Hanover Insurance Group Inc. has reported $37.1 million in net income in 2011, slipping from $154.8 million reported a year earlier.

Salem Five Bank and Stoneham Savings Bank have formed one of the state’s largest bank-based insurance practices, the banks said in a statement this morning.

C&S Insurance Agency Inc. of Mansfield will acquire Colonial Insurance, the town’s oldest insurance agency.

Volatility in the economy, the underwriting cycle, and catastrophe management, combined with low investment yields will create a difficult performance environment for property-casualty insurers, according to the most recent edition of Conning’s quarterly Property-Casualty Forecast & Analysis.

Volatility in the economy, the underwriting cycle, and catastrophe management, combined with low investment yields will create a difficult performance environment for property-casualty insurers, according to the most recent edition of Conning’s quarterly Property-Casualty Forecast & Analysis.

On Dec. 2, Boston-based life insurer Liberty Mutual Group issued its first policy from its Guangdong, China, office – paving the way for further expansion into Guangzhou, Guangdong Province, the largest property and casualty insurance market in China.