The Hanover, based in Worcester, Massachusetts, named Dick Lavey to the newly created role of chief operating officer, the property-casualty insurer said.
Lavey has 35 years of experience in insurance and technology, including the past 19 years at The Hanover Group. Since 2017, he has been executive vice president for agency markets. He will continue to lead personal lines and commercial business, as well as sales and distribution, corporate underwriting, marketing, and risk solutions functions, the company said in a news release.
He also will lead the collaboration between the company’s business and technology organizations.
Lavey holds a master’s in business administration from Harvard Business School. Prior to joining The Hanover in 2004, Lavey was vice president of strategic initiatives for The Hartford’s property and casualty organization and was vice president of strategic marketing for The Hartford’s Select Customer division. Prior to that, he worked at two software companies, ChannelPoint and Bowstreet, and was a strategy consultant for CSC Healthcare. He began his career at The Travelers Insurance Company.
The Hanover is one of the oldest insurance firms in the country. It was founded in 1852, underwent a name change, then rebranded in the 1990s.
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