The Hanover and Hagerty Collaborate to Provide Collector Car Protection
WORCESTER, Mass., April 9, 2025 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG), a leading national insurance provider for individuals, families and businesses, today announced a collaboration with Hagerty (HGTY) to provide specialized insurance for classic cars. The new product, Hanover Collector Car, powered by Hagerty, combines the total account protection The Hanover is known for with Hagerty's expertise in collector vehicle claims and valuation services.
"We believe protecting customers' most precious assets with one carrier is critical in helping them gain true peace of mind," said Brad McCreedy, vice president of personal lines strategy at The Hanover. "The Hanover's relationship with Hagerty allows us to strengthen our total account offerings and ease of doing business, with the outstanding claims experience our customers expect – backed by experts who really understand this unique market. It's the best of both worlds."
Hanover Collector Car, powered by Hagerty, is offered through The Hanover's independent agents in Michigan and Illinois to new and existing customers. The company expects to expand this offering to more states in the future.
"We believe that joining forces with The Hanover further supports collectible car owners who want to protect the vehicles that mean so much to them," said Nick Cassell, Hagerty's Vice President - Insurance Business Partner. "We look forward to working with The Hanover and their exceptional independent agent partners to achieve our mutual goal of protecting more of these cars."
To learn more, please visit: Hanover Collector Car, powered by Hagerty.
About The HanoverThe Hanover Insurance Group, Inc. is the holding company for several property and casualty insurance companies, which together constitute one of the largest insurance businesses in the United States. The company provides exceptional insurance solutions through a select group of independent agents and brokers. Together with its agent partners, The Hanover offers standard and specialized insurance protection for small and mid-sized businesses, as well as for homes, automobiles, and other personal items. For more information, please visit hanover.com.
About Hagerty, Inc.Hagerty is an automotive enthusiast brand committed to saving driving and to fueling car culture for future generations. The company is a leading provider of specialty vehicle insurance, expert car valuation data and insights, live and digital car auction services, immersive events and automotive entertainment custom made for the 67 million Americans who self-describe as car enthusiasts. Hagerty also operates in Canada and the U.K. and is home to Hagerty Drivers Club, a community of over 850,000 who can't get enough of cars. For more information, please visit www.hagerty.com or connect with us on Facebook, Instagram and LinkedIn.
CONTACTS:Kyle Tildsley
Emily P. Trevallion
ktildsley@hanover.com
etrevallion@hanover.com
508-855-3287
508-855-3263
View original content to download multimedia:https://www.prnewswire.com/news-releases/the-hanover-and-hagerty-collaborate-to-provide-collector-car-protection-302424259.html
SOURCE The Hanover Insurance Group, Inc.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
WESCO International's (NYSE:WCC) 40% CAGR outpaced the company's earnings growth over the same five-year period
Buying shares in the best businesses can build meaningful wealth for you and your family. And we've seen some truly amazing gains over the years. For example, the WESCO International, Inc. (NYSE:WCC) share price is up a whopping 416% in the last half decade, a handsome return for long term holders. This just goes to show the value creation that some businesses can achieve. And in the last month, the share price has gained 9.9%. On the back of a solid 7-day performance, let's check what role the company's fundamentals have played in driving long term shareholder returns. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). During five years of share price growth, WESCO International achieved compound earnings per share (EPS) growth of 22% per year. This EPS growth is lower than the 39% average annual increase in the share price. This suggests that market participants hold the company in higher regard, these days. And that's hardly shocking given the track record of growth. The image below shows how EPS has tracked over time (if you click on the image you can see greater detail). Dive deeper into WESCO International's key metrics by checking this interactive graph of WESCO International's earnings, revenue and cash flow. When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. As it happens, WESCO International's TSR for the last 5 years was 428%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return. It's nice to see that WESCO International shareholders have received a total shareholder return of 14% over the last year. And that does include the dividend. Having said that, the five-year TSR of 40% a year, is even better. Potential buyers might understandably feel they've missed the opportunity, but it's always possible business is still firing on all cylinders. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Even so, be aware that WESCO International is showing 2 warning signs in our investment analysis , and 1 of those makes us a bit uncomfortable... But note: WESCO International may not be the best stock to buy. So take a peek at this free list of interesting companies with past earnings growth (and further growth forecast). Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges. — Investing narratives with Fair Values A case for TSXV:USA to reach USD $5.00 - $9.00 (CAD $7.30–$12.29) by 2029. By Agricola – Community Contributor Fair Value Estimated: CA$12.29 · 0.9% Overvalued DLocal's Future Growth Fueled by 35% Revenue and Profit Margin Boosts By WynnLevi – Community Contributor Fair Value Estimated: $195.39 · 0.9% Overvalued Historically Cheap, but the Margin of Safety Is Still Thin By Mandelman – Community Contributor Fair Value Estimated: SEK232.58 · 0.2% Overvalued View more featured narratives — Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Allison Transmission (ALSN): Buy, Sell, or Hold Post Q1 Earnings?
Over the last six months, Allison Transmission's shares have sunk to $92.73, producing a disappointing 15% loss while the S&P 500 was flat. This might have investors contemplating their next move. Given the weaker price action, is this a buying opportunity for ALSN? Find out in our full research report, it's free. Helping build race cars at one point, Allison Transmission (NYSE:ALSN) offers transmissions to original equipment manufacturers and fleet operators. At StockStory, we prefer high gross margin businesses because they indicate the company has pricing power or differentiated products, giving it a chance to generate higher operating profits. Allison Transmission has best-in-class unit economics for an industrials company, enabling it to invest in areas such as research and development. Its margin also signals it sells differentiated products, not commodities. As you can see below, it averaged an elite 47.7% gross margin over the last five years. That means Allison Transmission only paid its suppliers $52.28 for every $100 in revenue. If you've followed StockStory for a while, you know we emphasize free cash flow. Why, you ask? We believe that in the end, cash is king, and you can't use accounting profits to pay the bills. Allison Transmission has shown terrific cash profitability, putting it in an advantageous position to invest in new products, return capital to investors, and consolidate the market during industry downturns. The company's free cash flow margin was among the best in the industrials sector, averaging 20.2% over the last five years. Reviewing a company's long-term sales performance reveals insights into its quality. Even a bad business can shine for one or two quarters, but a top-tier one grows for years. Regrettably, Allison Transmission's sales grew at a sluggish 3.8% compounded annual growth rate over the last five years. This wasn't a great result compared to the rest of the industrials sector, but there are still things to like about Allison Transmission. Allison Transmission's merits more than compensate for its flaws. With the recent decline, the stock trades at 9× forward EV-to-EBITDA (or $92.73 per share). Is now a good time to buy? See for yourself in our in-depth research report, it's free. Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Investors Will Want Signet Jewelers' (NYSE:SIG) Growth In ROCE To Persist
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Amongst other things, we'll want to see two things; firstly, a growing return on capital employed (ROCE) and secondly, an expansion in the company's amount of capital employed. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. Speaking of which, we noticed some great changes in Signet Jewelers' (NYSE:SIG) returns on capital, so let's have a look. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. To calculate this metric for Signet Jewelers, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.14 = US$521m ÷ (US$5.5b - US$1.6b) (Based on the trailing twelve months to May 2025). So, Signet Jewelers has an ROCE of 14%. That's a relatively normal return on capital, and it's around the 13% generated by the Specialty Retail industry. View our latest analysis for Signet Jewelers In the above chart we have measured Signet Jewelers' prior ROCE against its prior performance, but the future is arguably more important. If you'd like to see what analysts are forecasting going forward, you should check out our free analyst report for Signet Jewelers . We're pretty happy with how the ROCE has been trending at Signet Jewelers. The figures show that over the last five years, returns on capital have grown by 345%. The company is now earning US$0.1 per dollar of capital employed. Speaking of capital employed, the company is actually utilizing 27% less than it was five years ago, which can be indicative of a business that's improving its efficiency. If this trend continues, the business might be getting more efficient but it's shrinking in terms of total assets. In a nutshell, we're pleased to see that Signet Jewelers has been able to generate higher returns from less capital. And a remarkable 717% total return over the last five years tells us that investors are expecting more good things to come in the future. So given the stock has proven it has promising trends, it's worth researching the company further to see if these trends are likely to persist. One more thing to note, we've identified 3 warning signs with Signet Jewelers and understanding them should be part of your investment process. While Signet Jewelers may not currently earn the highest returns, we've compiled a list of companies that currently earn more than 25% return on equity. Check out this free list here. — Investing narratives with Fair Values A case for TSXV:USA to reach USD $5.00 - $9.00 (CAD $7.30–$12.29) by 2029. By Agricola – Community Contributor Fair Value Estimated: CA$12.29 · 0.9% Overvalued DLocal's Future Growth Fueled by 35% Revenue and Profit Margin Boosts By WynnLevi – Community Contributor Fair Value Estimated: $195.39 · 0.9% Overvalued Historically Cheap, but the Margin of Safety Is Still Thin By Mandelman – Community Contributor Fair Value Estimated: SEK232.58 · 0.2% Overvalued View more featured narratives — Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio