As you may be aware, our parent company, The Hanover Insurance Group, Inc., has recently issued a news release indicating that we have begun a formal process to consider strategic alternatives for Chaucer, including a possible sale. Given the nature of this news, I am writing to provide some perspective and reassure you of our commitment to all of our business partners and customers.
We fully appreciate The Hanover’s interest in assessing the value we represent both as part of its organisation and as a divestiture. This process follows careful consideration and detailed consultation with us in Chaucer’s executive leadership team. As a public company doing business in a rapidly changing and competitive industry, it is essential that The Hanover continually assesses its business strategy and operations, to ensure the success of each constituent part and of the group as a whole.
We expect the evaluation process will unfold over the next several months. We will keep you informed as appropriate. In the meantime, rest assured, we will continue to deliver on our promises to you.
As always, on behalf of all of us at Chaucer, I thank you for your partnership and the trust you place in us. We look forward to working with you for many years to come, providing the specialty underwriting and claims expertise you expect and deserve.
Chief Executive Officer & Chaucer Underwriting Officer