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The Hanover Insurance Group Completes Acquisition of AIX Holdings, Inc.
Date:12/1/2008

derwriting, with world class operations and technology, and one of the most experienced and respected management teams in the business, he said.

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 agents and their customers for more than 150 years. Taken as a group, The Hanover ranks among the top 40 property and casualty insurers in the United States.

About AIX Holdings

AIX Holdings, an insurance holding company with executive offices in Windsor, Conn., was founded in 2005 by five insurance industry veterans, Bob Schultz, Ron Ganiats, Mark Green, Ron Mairano and Russ Renvyle, in conjunction with Sterling Capital Partners. AIX Group was formed to fill a need in the under-served market of specialty program insurance business. This sector includes traditional first dollar programs, risk retention groups, rent-a-captive facilities, group and association captives and hybrid collateral structures. The company had gross written premiums of $85 million in 2007, and has an "A-" (Excellent) rating with A.M. Best Company. AIX Holdings employs approximately 150 people in four locations.

    Contact Information
    Investors:                               Media:
    Sujata Mutalik                           Michael F. Buckley
    E-mail: smutalik@hanover.com             E-mail:  '/>"/>
SOURCE The Hanover Insurance Group, Inc.
Copyright©2008 PR Newswire.
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