January 14, 2008
Hanover Acquires Fire Insurer
By Matthew L. Brown
The Worcester-based Hanover Insurance Group Inc. has acquired Maryland-based Verlan Holdings Inc. for an undisclosed amount.
Verlan provides insurance to manufacturers of chemical-related products. Its primary business is Verlan Fire Insurance Co., which provides property insurance to companies that manufacture, store, transport or use chemicals. Verlan is licensed to do business in 27 states.
According to Hanover, the transaction will close by the end of the first quarter.
Verlan provides insurance to manufacturers of chemical-related products. Its primary business is Verlan Fire Insurance Co., which provides property insurance to companies that manufacture, store, transport or use chemicals. Verlan is licensed to do business in 27 states.
According to Hanover, the transaction will close by the end of the first quarter.
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