The Hanover Insurance Group has announced an agreement to acquire Campania Group, a specialist in insurance solutions for the healthcare industry.
Terms of the deal were undisclosed. The transaction is subject to regulatory reviews and approvals. It is expected to close before the end of the first quarter.
“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.
The Campania Group offers professional and general liability solutions for a variety of healthcare providers, including durable medical equipment suppliers, behavioral health specialists, eldercare providers, and podiatrists.
“Through the continued strategic expansion of our capabilities into the healthcare segment, we are offering our agent partners even more distinctive products and solutions, ” said Eppinger, “helping them to strengthen their competitive position in their markets and to grow their businesses while we grow our own.”