Former Platinum CEO Price joins The Hanover board

US-based property/casualty insurer The Hanover Insurance Group has elected Michael Price to its board of directors. He will serve on the board's audit committee.

Price has served in senior roles with several insurance companies over the years. Most recently, he was president, chief executive officer and deputy chairman of Platinum Underwriters Holdings from 2005 until its acquisition by RenaissanceRe Holdings in 2015.

Prior to that, he served as Platinum's chief operating officer, and was president of Platinum US from 2002 until 2005. He was chief underwriting officer of Platinum's predecessor, the former reinsurance segment of The St. Paul Companies. Previously, he was the chief operating officer of Associated Aviation Underwriters Incorporated, a subsidiary of Global Aerospace Underwriting Managers, and held progressively senior roles within other companies in the property and casualty industry. He began his career with the actuarial and consulting firm of Milliman & Robertson.

"Michael is a tremendously talented insurance executive with a broad perspective on our business," said Kevin Condron, chairman of the board of directors at The Hanover. "He brings a wealth of insurance experience and exceptional financial acumen to the position. We are pleased to have Michael join the board."

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