The Hanover CEO John C. Roche to Retire; Richard W. Lavey Named Successor

Roche, 62, joined the Worcester-based insurer in 2006 and assumed the top executive role in 2017. During his tenure, the company saw significant growth in operating earnings and solidified its standing within the independent agency insurance market. Board Chair Cynthia L. Egan credited Roche with driving progress across every dimension of the firm, noting that the selection of his successor was a key part of his long-term planning.

Richard W. Lavey, 59, brings 22 years of experience at The Hanover to the CEO-elect position. Currently serving as chief operating officer and president of Hanover Agency Markets, Lavey has been instrumental in the company’s strategic shift, including the integration of business and technology functions. He oversees segments that account for 75% of the company's $7 billion in consolidated gross premiums. Before joining The Hanover in 2004, Lavey held executive roles at The Hartford and The Travelers Insurance Company. He holds an MBA from Harvard Business School and is a graduate of The College of Holy Cross.