KING OF PRUSSIA, PA – Hanover Fire & Casualty Insurance Company (“Hanover” or the “Company”), recently announced the completion of its sale to Mid-Hudson Co-Operative Insurance Company (“Mid-Hudson”). Hanover, a Pennsylvania-domiciled insurer, largely provides personal property lines of business including fire and other liability, burglary / theft, allied lines and homeowners. Mid-Hudson is a predominantly New York State property carrier looking to expand its geographical footprint, and the Hanover acquisition provides access to additional states. Following the acquisition, Mid-Hudson has the potential to add new products, pricing flexibility, and greater geographic diversification of premium sources.
Brean Capital, LLC served as Financial Advisor to Hanover in the transaction.
Hanover Fire & Casualty Insurance Company is headquartered in King of Prussia, Pennsylvania. The Company offers valuable insurance coverage to landlords, renters, homeowners, or owners of seasonal or unoccupied dwellings, especially those individuals primarily located in urban markets who have not been able to secure the insurance coverage they need from the larger fire or homeowner’s insurance carriers. While the Company has issued thousands of fire and casualty insurance policies since its inception over 100 years ago to cover dwellings of all shapes and sizes, there are few companies that can claim to provide the level of expertise in fulfilling the insurance needs of the non-standard niche. For more information, please visit: www.swus.com.
Brean Capital’s Investment Banking Group is dedicated to helping its clients achieve their strategic and financial goals. For more than 50 years, the Firm has specialized in providing capital raising, M&A and financial advisory services to middle market businesses. Throughout its history, Brean Capital has established a track record of providing its clients with deep market knowledge, commitment and experience to ensure a successful transaction. For more information, please visit: www.breancapital.com/InvestmentBanking.