Posted on 19 Jan 2010
Hanover Insurance Group Inc. (THG) has agreed to buy Vienna, Virginia-based Campania Group, which specializes in insurance solutions for the healthcare industry. Terms weren't disclosed.
Worcester, Mass.-based Hanover said the transaction is subject to regulatory reviews and approvals. It is expected to close before the end of the first quarter.
The insurance holding company said the acquisition of Campania follows its announcement last month of a renewal rights agreement with OneBeacon Insurance Group, which secures it access to $400 million in small and middle market commercial business at renewal.