Massachusetts-based insurer The Hanover has completed its acquisition of the Campania Group, which specializes in insurance coverage for the healthcare industry.
Campania Group, based in Virginia provides professional and general liability solutions for a range of durable medical equipment suppliers and healthcare providers, including behavioral health specialists, eldercare providers, and podiatrists.
Hanover CEO Frederick H. Eppinger said the acquisition will expand the The Hanover’s suite of industry and niche products in the health care field. “This acquisition demonstrates our strong commitment to the healthcare business and to providing our agent partners even more distinctive value, helping them to strengthen their competitive positions and to grow their businesses over the long term,” he said.
After a review of the transaction, A.M. Best has upgraded the financial strength rating of Campmed Casualty & Indemnity Co., Campania’s underwriting subsidiary, to “A,” (Excellent).
Founded in 1992, the Campania Group offers products in 30 states, as well as the District of Columbia.
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Source: The Hanover
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