The Hanover uses Chaucer funds for $250mn accelerated buyback and special dividend

HanoverInsuranceGroup

US carrier The Hanover Insurance Group is buying back $150mn of its stock in an accelerated share repurchase agreement (ASR) and has also declared a $100mn special dividend as it competes the deployment of the $850mn funds generated from its sale of Lloyd’s insurer Chaucer last year.

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