The Hanover swoops on CNA for specialty property/casualty leader
US property/casualty insurer The Hanover has tapped a CNA executive to lead its commercial and specialty property and casualty business.
Stephen Marohn has been appointed as president of specialty property and casualty. He will be responsible for leading the company's excess and surplus (E&S) business, specialty industrial business, Hanover Programs, specialty general liability and Hanover Specialty Insurance Brokers (HSIB).
Marohn has more than 30 years of wide-ranging industry experience. He most recently served as senior vice president of small business at CNA Insurance. Over the course of his 10 years with CNA, his responsibilities included oversight of the businesses and zone leadership for product lines such as primary and excess casualty, package, and property across segments, including small business, middle market, and national accounts. Prior to joining CNA in 2013, Marohn held a number of senior leadership roles throughout the 18 years he spent at AIG. He served as executive vice president at AIG's Japan Holdings KK operation leading the commercial portfolio for Japan and South Korea, held field leadership roles in California and Ohio, and led the National Accounts marketing segment for the Great Lakes Region.
Bryan Salvatore, executive vice president and president of specialty at The Hanover, said: "We are very pleased to welcome Steve to our company and to this important role within our specialty business. Steve's breadth of experience and approach to leadership will bring immediate value to our talented teams as well as the agents, wholesalers, and program administrators with whom we work. Under his leadership, we look forward to expanding these important businesses to meet the growing specialty needs of our key stakeholders and to driving even more sustainable profitable growth across our specialty segment."
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