Latest The Hartford Headlines
All the headlines from our The Hartford Topic Page, ordered by recency.
The Hartford’s Fitzpatrick To Head Specialty Finance Unit
Jun 3 2009 // The Hartford Financial Services Group Inc. announced that Sean Fitzpatrick, senior vice president of its Middle Market insurance businesses, will assume responsibility for the company’s Specialty Financial insurance...
Business Moves
Jun 1 2009 // AIG American International Group has signed an agreement to sell its prime real estate holding in Tokyo for approximately $1.2 billion to Nippon Life Insurance Co. The property includes approximately one acre of land on...
The Hartford’s Wolin Confirmed as U.S. Treasury Deputy Secretary
May 19 2009 // Neal S. Wolin has been confirmed by the U.S. Senate to serve as the deputy secretary of the U.S. Department of the Treasury. In February, Wolin was named deputy assistant to the President and deputy counsel to the...
The Hartford Says It Will Not Sell P/C or Life Insurance Units
May 18 2009 // Hartford Financial Services Group Inc. said it plans to keep its U.S. property/casualty and life businesses, after winning approval last week to tap $3.4 billion of federal bailout funds. Chief Executive Ramani Ayer...
The Hartford Reported Shopping Its P/C Insurance Business
Apr 23 2009 // Hartford Financial Services Group Inc. is trying to sell its property/ casualty insurance business, sources familiar with the matter said Thursday, as the U.S. insurer reels from massive losses. Hartford has retained...
Business Moves
Mar 9 2009 // Marsh Marsh & McLennan Companies Inc., the No. 2 global insurance broker, said the 2008 restructuring at Marsh Inc., its flagship insurance brokerage unit, was on track to generate annual savings of $200 million, and...
Business Moves
Mar 9 2009 // Marsh Marsh & McLennan Companies Inc., the No. 2 global insurance broker, said the 2008 restructuring at Marsh Inc., its flagship insurance brokerage unit, was on track to generate annual savings of $200 million, and...
The Hartford Reported In Talks to Sell Life Insurance Unit
Mar 6 2009 // Hartford Financial Services Group Inc. is in talks to sell most of its life insurance subsidiary to Sun Life Financial Inc. of Canada, Bloomberg News reported, citing anonymous people. Splitting the Hartford, Conn.-based...
Best Downgrades Hartford’s Life and P/C Ratings; Outlooks Mostly Negative
Mar 3 2009 // A.M. Best Co. has downgraded the financial strength ratings (FSR) to ‘A’ (Excellent) from ‘A+’ (Superior) and the issuer credit ratings (ICR) to “a+” from “aa-” of the key...
The Hartford Sues Virginia Firm to Limit Salmonella Claims
Feb 22 2009 // The Hartford has filed a lawsuit to determine whether it must pay claims filed by victims of a nationwide salmonella outbreak traced to the Virginia peanut butter maker it insures. Hartford, Conn.-based Hartford Casualty...
People
Feb 22 2009 // Juan Andrade and Jonathan Bennett have been named as interim co-leads of the Property and Casualty Operations of The Hartford. Their appointment to those interim positions follows the departure of Neil Wolin, president and...
People
Feb 22 2009 // Juan Andrade and Jonathan Bennett have been named as interim co-leads of the Property and Casualty Operations of The Hartford. Their appointment to those interim positions follows the departure of Neil Wolin, president and...
People
Feb 22 2009 // American International Group (AIG) named Peter Eastwood president and CEO of Lexington Insurance Co., a unit of AIG Commercial Insurance. Eastwood assumes management responsibility for Lexington from Kevin H. Kelley, who...
Beazley Acquiring The Hartford’s Surplus Lines Insurer, First State
Feb 17 2009 // London-based insurer and reinsurer Beazley Group is acquiring Boston-based First State Management Group, an underwriting manager specializing in excess and surplus lines commercial property insurance for $35.4 million in...
The Hartford Sues Virginia Firm to Limit Salmonella Claims
Feb 9 2009 // The Hartford has filed a lawsuit to determine whether it must pay claims filed by victims of a nationwide salmonella outbreak traced to the Virginia peanut butter maker it insures. Hartford, Conn.-based Hartford Casualty...
The Hartford Reports Loss for 2008, ‘Most Challenging’ Year in History
Feb 6 2009 // The Hartford Financial Services Group, Inc. reported a fourth quarter 2008 net loss of $806 million. For full year 2008, The Hartford reported a net loss of $2.7 billion, compared to net income of $2.9 billion in...
Obama Taps The Hartford’s Wolin for Key Economic Policy Post
Jan 28 2009 // The Hartford Financial Services Group, Inc. today announced that Neal Wolin, president and chief operating officer of the company’s Property and Casualty Operations, has accepted a position in the White House as...
The Hartford Hiring 150 Workers for Reno Call Center
Jan 13 2009 // The Hartford Financial Services Group plans to hire 150 full-time workers by spring for a Reno, Nev., call center. The Connecticut-based company says the workers will take service calls from members of AARP, the...
U.S. Approves The Hartford, Lincoln National Bank Holding Company Bids
Jan 12 2009 // The U.S. Office of Thrift Supervision said on Friday that it approved applications from Hartford Financial Services Group Inc and Lincoln National Corp to become bank holding companies, an important step toward these...
Best Removes Hartford from Review; Affirms ‘A+’ Ratings
Dec 29 2008 // A.M. Best Co. has removed from under review with negative implications and affirmed the financial strength ratings of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of the key life/health...
