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Hanover names CEO of Lloyd’s unit

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Hanover Insurance Group Inc. said Monday that London-based John Fowle has been named CEO of Chaucer Syndicates Ltd, a Lloyd’s of London unit of Hanover.

Mr. Fowle succeeds Johan Slabbert who is leaving the company to pursue other opportunities, according to a statement from Worcester, Massachusetts-based Hanover.

Previously, Mr. Fowle was chief underwriting officer, according to the statement. His appointment is subject to Lloyd's and regulatory approval.

Hanover bought Chaucer in 2011 for about $500 million.