other material
confidence high
sentiment neutral
materiality 0.40
Hanover novates $33.5M reinsurance recoverable from R&Q to Enstar
HANOVER INSURANCE GROUP, INC.
- $33.5M reinsurance recoverable from R&Q as of Dec 31, 2023 novated to an Enstar subsidiary effective July 1, 2024.
- The novated recoverable remains fully collateralized by assets in trust.
- Company provided this disclosure following analyst inquiries about the R&Q exposure.