Technology

The Hanover Announces CEO Succession Plan: John C. Roche to Retire as President and CEO at the End of 2026; Chief Operating Officer Richard W. Lavey Named CEO-Elect

Published

3 hours ago

July 15, 2026

WORCESTER, Mass., July 15, 2026 /PRNewswire/ — The Hanover Insurance Group, Inc., (NYSE: THG), a leading property and casualty insurance company, announced today that John “Jack” C. Roche, president and chief executive officer, has informed the company’s Board of Directors he plans to retire on December 31, 2026, following a distinguished 40-year career in the insurance industry. Richard “Dick” W. Lavey, chief operating officer and president of Hanover Agency Markets, has been appointed by the board as CEO-elect and will work closely with Roche to ensure a successful transition.

“The Board of Directors is deeply grateful to Jack for his outstanding leadership and the significant impact he’s made to The Hanover,” said Cynthia L. Egan, chair of the board at The Hanover. “He has driven progress in every dimension of the company, not the least of which is working closely with the board and with Dick to ensure that we have an exceptional CEO to elevate the company to its next level.”

Roche, 62, joined The Hanover in 2006 and was appointed president and chief executive officer in 2017. Under his leadership, the company achieved record operating earnings, outstanding stock price appreciation and strengthened its position as a premier property and casualty company in the independent agency channel. In addition to his responsibilities at The Hanover, Roche serves the insurance industry as vice chair of the board of trustees for The Institutes, a member of the board of directors for the American Property Casualty Insurance Association, and as a member of the board of overseers of St. John’s University Maurice R. Greenberg School of Risk Management, Insurance and Actuarial Science.

“I will retire at the end of the year with tremendous pride in all our organization has accomplished,” Roche said. “The company is in a strong financial position and has the exceptional talent needed to drive our business forward. Having worked closely with Dick for more than two decades, I have complete confidence in his leadership and his ability to guide our company forward. Together, we will ensure a seamless and successful transition.”

“Dick is an accomplished executive whose deep experience spans the insurance and technology industries,” said Egan. “His impressive contributions have been central in the successful expansion of the company’s strategy, shaping The Hanover into a leading partner for independent agents and a top-performing company. From repositioning the firm’s personal and core commercial lines growth and profitability to his critical leadership in driving technology advancements, Dick has the insight, strategic vision and passion to lead the company through the next chapter of its remarkable journey.”

Lavey, 59, joined The Hanover in 2004 and held a series of executive leadership positions over his 22-year tenure. Currently, Lavey serves as chief operating officer where he directs the strategic transformation of the company’s operating model, augmenting the partnership between its business and technology functions. In his role as president of Hanover Agency Markets, Lavey leads the growth and performance of core commercial and personal lines, which combined represent 75% of The Hanover’s $7 billion consolidated gross premiums written. Earlier in his tenure, Lavey served as chief marketing officer, chief growth innovation officer, president of personal lines and president of the organization’s northeast region, among other key positions.

Prior to The Hanover, Lavey held leadership roles in sales, distribution, marketing and strategy at a number of insurance and technology companies, including The Hartford and The Travelers Insurance Company. He recently served as chairman of the board for the National Council on Compensation Insurance (NCCI). Lavey is a Phi Beta Kappa graduate of The College of Holy Cross and earned his Master of Business Administration degree from Harvard Business School.

“I am honored to lead our organization at such a transformative time in our business. I am energized to continue our momentum to accelerate growth, drive performance and deliver lasting value for our stakeholders,” said Lavey.

The company will be available to answer questions at its upcoming earnings call, scheduled for Wednesday, July 29, 2026. The Hanover also plans to share an update on the company’s strategy and future outlook at its investor day on September 17, 2026. To learn more, visit The Hanover’s investor relations page at investors.hanover.com.

About The Hanover

The Hanover Insurance Group, Inc. is the holding company for several property and casualty insurance companies, which together constitute one of the largest insurance businesses in the United States. The company provides exceptional insurance solutions through a select group of independent agents and brokers. Together with its agent partners, The Hanover offers standard and specialized insurance protection for small and mid-sized businesses, as well as for homes, automobiles, and other personal items. For more information, please visit hanover.com.

Contacts:

Oksana Lukasheva

Emily P. Trevallion

Investor Relations

Media Relations

olukasheva@hanover.com

etrevallion@hanover.com

508-525-6081

508-855-3263

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SOURCE The Hanover Insurance Group, Inc.

Technology

GPU.ai Named Official Title Sponsor of AGI Summit SF 2026

Published

23 minutes ago

July 16, 2026

SAN FRANCISCO, July 16, 2026 /PRNewswire/ — GPU.ai today announced that it has been named the Official Title Sponsor of AGI Summit SF 2026, one of the Bay Area’s largest AI gatherings, expected to bring together more than 15,000 attendees including AI founders, enterprise leaders, investors, researchers, and CEOs shaping the future of artificial intelligence.

Scheduled for July 18–19, 2026 at the Palace of Fine Arts in San Francisco, AGI Summit SF 2026 will convene leading voices across frontier AI, applied machine learning, infrastructure, agents, and enterprise deployment. The speaker roster includes leaders and representatives from organizations such as OpenAI, Anthropic, Microsoft, and BlackRock, alongside other prominent companies helping define the next phase of AI. Tesla and AWS are among the event’s Gold Sponsors, while GPU.ai will serve in the summit’s top sponsorship role as presenting partner.

GPU.ai said the sponsorship reflects its broader commitment to the builders and organizations driving the next phase of AI adoption. The company is developing an intelligent GPU platform focused on helping teams access and use compute more efficiently, with an emphasis on simplifying infrastructure management while enabling developers to train, fine-tune, and deploy AI workloads at scale. The company said events like AGI Summit SF create valuable opportunities to connect directly with developers, startup teams, and enterprise leaders who are actively building production AI systems.

“Every AI team we talk to is fighting the same battle – GPUs are scattered across different clouds, regions, and vendors, and pricing is all over the map. Teams are overpaying for compute or wasting time hunting for capacity when they should be working on their models,” said Aditya Reddy, CTO of GPU.ai. “We built GPU.ai so teams can find the best capacity at the best price, run their workloads, and scale from prototype to production without rebuilding their infrastructure every six months.”

Ranbir Badwal, CEO of GPU.ai, added: “At the summit, we’ll be giving away the thing everyone wants – free GPU credits. We want builders to come meet the team, learn what we’re creating, and leave with something immediately useful. For startups, researchers, and developers moving quickly, access to compute can make the difference between an idea staying on paper and a product reaching users. GPU capacity has become the new oil of the AI era, and our goal is to put more of it directly in the hands of the people actually building things.”

Attendees of AGI Summit SF 2026 presented by GPU.ai will have the opportunity to meet the GPU.ai team on-site and learn more about the company’s vision for the future of AI infrastructure.

About GPU.ai

GPU.ai is the intelligent GPU platform designed to help AI teams access and utilize compute resources more efficiently. The company focuses on simplifying infrastructure management while enabling developers to train and deploy AI workloads at scale.

For more information, visit GPU.ai and AGISummit.ai

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SOURCE BitCore AI

Technology

Coremail Presents AI-Native Secure Email System at LEAP East 2026

Published

23 minutes ago

July 16, 2026

HONG KONG, July 16, 2026 /PRNewswire/ — From July 8 to 10, 2026, Coremail participated in the Asia LEAP East International Technology and Information Technology Exhibition 2026 held in Hong Kong, showcasing its Coremail AI-Native Secure Email System.

The company engaged with technology enterprises, partners and industry professionals from Asia-Pacific, the Middle East and global markets to explore the latest developments in enterprise communications, email security and intelligent workplace solutions in the era of artificial intelligence.

Building on the success of Saudi LEAP, LEAP East served as a platform connecting technology innovation and business opportunities across the Asia-Pacific and Middle East regions. The exhibition focused on key technology areas including artificial intelligence, cybersecurity, fintech, smart cities and emerging technologies. It brought together more than 25,000 professional visitors and 300 exhibitors, providing a platform for technology companies, investment institutions and industry partners to exchange insights and explore collaboration opportunities.

During the exhibition, Coremail highlighted its AI-Native Secure Email System, which integrates artificial intelligence deeply into enterprise email workflows through a large language model (LLM)-powered cognitive engine. Built around two key capabilities, AI Agent-driven Intelligent Workflows and Comprehensive Security Protection, the system helps organisations improve productivity while strengthening enterprise email security.

AI Agent-driven Intelligent Workflows

As artificial intelligence becomes increasingly embedded into enterprise productivity, Coremail’s AI-Native Secure Email System uses AI Agents as execution units, combined with the ReAct autonomous execution framework and MCP (Model Context Protocol), to transform enterprise email from traditional manual operations into Agent-driven collaboration.

The system supports key enterprise email scenarios including email classification, scheduling, approval workflows, collaborative work, email analytics and system operations. It enables advanced applications such as deep email search, meeting coordination, intelligent email analysis and automated classification.

Through its multi-Agent collaboration architecture and AI-powered dashboard, users can identify critical information faster, reduce information overload and improve information processing efficiency and cross-functional collaboration.

The system also supports MCP, allowing enterprises to securely connect third-party tools, APIs and business systems within a sandboxed environment. This enables enterprise email to evolve beyond a traditional communication channel into an intelligent gateway for enterprise workflows, connecting people, data, applications and AI capabilities.

Comprehensive Security Protection

As AI adoption accelerates, enterprises are facing increasingly sophisticated email security challenges. The Coremail AI-Native Secure Email System integrates AI Agent-driven phishing detection and defense, sender identity verification, spam protection, LLM-powered semantic understanding, adaptive learning engines and multimodal threat detection capabilities.

These capabilities enable enterprises to identify emerging phishing attacks, business email compromise (BEC) and unknown threats more effectively, strengthening overall email security protection.

The system also combines the ReAct framework with a user-level sandbox model and follows the principle of least privilege to isolate AI execution environments from enterprise data. This approach enables organisations to benefit from AI-driven productivity improvements while maintaining data security, governance and compliance requirements.

Coremail CTO Tim Lin said: “AI is accelerating the transformation of how enterprises work, but security remains the foundation for successful AI adoption. Coremail will continue integrating AI deeply with enterprise email, delivering smarter, safer and more efficient enterprise communication and collaboration experiences.”

During the exhibition, Coremail engaged with enterprise representatives, partners and industry professionals from different regions to exchange insights on AI-native enterprise applications, email security and intelligent workplace solutions. The company also shared its latest practices in combining enterprise email with AI technologies while exploring new opportunities for international collaboration.

Looking ahead, Coremail will continue advancing AI-native technology innovation and expanding the integration of artificial intelligence with enterprise email scenarios. Together with global partners, the company aims to help organisations build a new generation of enterprise communications that are more intelligent, secure and efficient.

For more information, please visit: www.coremail.ai

About Coremail: Coremail is a leading enterprise email and collaboration solutions provider with over 27 years of innovation in secure communication technologies. Serving over 20,000 enterprise customers and supporting over 1 billion end users, Coremail is recognized for its stability, scalability, and AI-driven capabilities, with solutions widely adopted across government, finance, education, healthcare, and energy sectors.

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SOURCE Coremail

Technology

QuidelOrtho Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)

Published

23 minutes ago

July 16, 2026

SAN DIEGO, July 15, 2026 /PRNewswire/ — QuidelOrtho Corporation (Nasdaq: QDEL)(“QuidelOrtho”), a leading global provider of diagnostic solutions, today announced that the Compensation Committee of the Company’s Board of Directors approved the grant of restricted stock units (“RSUs”) with respect to 356,555 shares of the Company’s common stock (the “Inducement Grant”) to Micah Young, the Company’s Chief Financial Officer and principal financial officer. The Inducement Grant was granted pursuant to the Company’s 2026 Inducement Plan and as an inducement material to Mr. Young’s entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4).

The 2026 Inducement Plan is used exclusively for the grant of equity awards to individuals who were not previously employees of QuidelOrtho, or following a bona fide period of non-employment, as an inducement material to such individuals entering into employment with QuidelOrtho, pursuant to Nasdaq Listing Rule 5635(c)(4).

The RSUs were granted with a grant date of July 15, 2026, and will vest in equal annual installments on the first three anniversaries of the grant date, subject to Mr. Young’s continued employment with the Company through each applicable vesting date. The RSUs are subject to the terms and conditions of the 2026 Inducement Plan and the terms and conditions of a RSU award agreement covering the grant.

QuidelOrtho is dedicated to advancing diagnostics to power a healthier future. For more information, please visit quidelortho.com and follow QuidelOrtho on LinkedIn, Facebook and X.

About QuidelOrtho Corporation

With expertise spanning clinical chemistry, immunoassay, immunohematology and molecular testing, QuidelOrtho Corporation (Nasdaq: QDEL) is a leading global provider of diagnostic solutions, dedicated to advancing fast, accurate and reliable results that help improve patient outcomes – from the point of care to hospital, lab to clinic. Building on a legacy of innovation, QuidelOrtho works with healthcare providers to advance diagnostics that connect insights with solutions, defining a clearer path for informed decisions and better care.

Investor Contact:
Juliet Cunningham
Vice President, Investor Relations
IR@QuidelOrtho.com

Media Contact:
Stephanie Kleewein
Senior Corporate Communication and PR Manager
media@QuidelOrtho.com

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SOURCE QuidelOrtho Corporation