Worcester-based The Hanover Insurance Group Inc. will acquire the Vienna, Va.-based Campania Group, which specializes in insurance solutions for the healthcare industry.

The Campania Group provides professional and general liability solutions for a range of healthcare providers, including durable medical equipment suppliers, behavioral health specialists, eldercare providers and podiatrists. The organization has served the specialty healthcare insurance market since its founding in 1992 and has companies admitted in 21 states, as well as the District of Columbia, according to a statement.

"We are excited to add the Campania Group to our growing suite of industry and niche solutions. At the same time, the acquisition represents a significant commitment toward broadening our professional lines portfolio," said Frederick H. Eppinger, chief executive officer of The Hanover. "Through the continued strategic expansion of our capabilities into the healthcare segment, we are offering our agent partners even more distinctive products and solutions, helping them to strengthen their competitive position in their markets and to grow their businesses while we grow our own."

The acquisition of Campania follows the company’s announcements last month that it has expanded west and entered into a renewal rights agreement with OneBeacon Insurance Group, acquiring access to $400 million in small and middle market commercial business at renewal.

"This acquisition is a direct response to our agents’ desire to partner with us in serving the healthcare industry," said Andrew Robinson, executive leadership team member responsible for The Hanover’s healthcare business. "With Campania’s extensive experience in behavioral health, we are able to further extend the range of solutions we can deliver to the social services industry."

 

The Hanover To Acquire Virginia’s The Campania Group

by Banker & Tradesman time to read: 1 min
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