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Daniel Lee

Research Analyst at Morgan Stanley

Daniel Lee is an Analyst within Morgan Stanley's Tactical Value Team (MSTV), specializing in tactical value investment strategies. He focuses on alternative investment approaches as part of the MSTV team, though specific companies covered are not detailed in available profiles; no public performance metrics, success rates, or rankings on platforms like TipRanks are available. Lee joined MSTV in 2022, with prior experience as an Investment Analyst, though previous firms and exact start dates are not specified. No professional credentials such as FINRA registrations or securities licenses are listed in public sources.

Daniel Lee's questions to HANOVER INSURANCE GROUP (THG) leadership

Question · Q4 2025

Daniel Lee sought more details on competitive dynamics within the specialty segment, particularly regarding competitive pressure in property lines versus pricing stabilization in management liability and professional/executive lines. He also inquired about the ongoing demand for Excess & Surplus (E&S) lines, asking if robust submission flows are continuing or subsiding.

Answer

President of Specialty Lines Bryan Salvatore acknowledged increased competition in property lines but highlighted the diversified portfolio. He noted that management liability saw double-digit growth in Q4 due to market stabilization and operating model efficiency, with professional liability also improving, providing confidence for 2026 growth. Bryan Salvatore confirmed no abatement in E&S activity, with double-digit growth throughout the year and in Q4, driven by high submission volume, Hanover's positioning in middle to smaller E&S, and a mix of retail-play and wholesale-play business.

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