The Hanover Insurance Group Announces CEO Transition
The Hanover Insurance Group, Inc. has announced the upcoming retirement of its President and CEO, John "Jack" C. Roche, set for December 31, 2026. After a distinguished 40-year career in the insurance sector, Roche will step down, with Richard "Dick" W. Lavey, currently Chief Operating Officer and President of Hanover Agency Markets, appointed as CEO-elect by the board.
Cynthia L. Egan, chair of The Hanover's board, acknowledged Roche's leadership and his pivotal role in advancing the company across key domains, ensuring a smooth executive transition. Roche, who joined The Hanover in 2006 and became CEO in 2017, has been central to achieving record operating earnings and stock growth, enhancing the company's standing within the independent agency network.
Roche has also significantly contributed to the broader industry, serving as vice chair of The Institutes' board of trustees and on various insurance boards. Expressing pride in the company's accomplishments, Roche highlighted its robust financial health and the talented personnel set to drive future growth.
Richard "Dick" W. Lavey, an integral part of The Hanover since 2004, has held multiple executive roles, spearheading vital strategic transformations, notably enhancing business-technology synergies and leading core commercial and personal lines. His deep expertise in insurance and technology industries positions him well for his upcoming CEO tenure.
Lavey will assume the CEO role following Roche's departure, focusing on sustaining The Hanover's growth and performance. The company plans to address investor inquiries during its earnings call on July 29, 2026, and will outline its strategic vision on investor day, September 17, 2026. More details can be found on The Hanover's investor relations website.
The Hanover Insurance Group, Inc. is one of the largest property and casualty insurers in the U.S., working with independent agents to offer a variety of insurance products for businesses and personal needs.