2023 Power 50: John “Jack” Roche
Photo | Courtesy of The Hanover Insurance Group
John "Jack" Roche is the president & CEO of the Hanover Insurance Group
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A 2022 report commissioned by Hanover Insurance found the company generates an estimated $749 million in annual value added across Massachusetts, and that includes $1.25 billion in annual economic output thanks to the company’s revenues, the personal income of its employees, and the state and local taxes it pays. The report said the Hanover Insurance Group annually employed an average of 1,837 people in Central Massachusetts from 2010 to 2020. All of this means John "Jack" Roche has a lot of responsibility keeping one of the largest employers in the region moving forward.
Under Roche’s leadership, the Hanover has expanded its Specialty business, which has grown to more than $1.3 billion in net premiums written since 2010. On top of this, the company has worked to become more inclusive, and the insurance group was named one of Newsweek’s Most Responsible Companies, a Forbes’ Best Midsize Employer, one of JUST Capital’s top 125 public companies, and a Human Rights Campaign’s Best Place to Work for LGBTQ+ Equality.
The Hanover isn’t only an insurance group, it’s also an important player in the local art and nonprofit community. In 2022, Hanover and its employees donated nearly $1.5 million to United Way and hundreds of local nonprofit organizations around the country.
How should professionals best use the power they wield? “Business professionals have a responsibility to help advance their own organizations’ missions in meaningful ways, helping to build collaborative, inclusive, and open-minded organizations based on integrity. At the same time, we have a responsibility to serve others in the communities where we live and work. By and large, I believe most business professionals strive to do this.”
Sing your heart out: Roche is a huge country music fan.
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