Latest The Hartford Headlines
All the headlines from our The Hartford Topic Page, ordered by recency.
Hartford to Repay Allianz’s $2.4 Billion of Crisis Aid
Apr 3 2012 // The Hartford Financial Services Group plans to repay most of a rescue it received during the financial crisis, buying back debentures and warrants from Germany’s Allianz SE for $2.43 billion. The Hartford’s...
The Hartford Selling Life Insurance Units
Apr 2 2012 // The Hartford Financial Services Group yielded to demands from its biggest shareholder, famed hedge fund manager John Paulson, and said on March 21 that it will get rid of most of its life insurance-related operations. The...
Paulson Says Hartford’s Plan Is Just ‘A First Step’
Mar 22 2012 // John Paulson, a billionaire hedge fund manager and the largest shareholder of The Hartford Financial Services Group, says the company’s plan to exit most of its life insurance businesses is a good start — but...
Best Puts The Hartford and Subs Ratings Under Review
Mar 22 2012 // A.M. Best Co. has placed under review with developing implications the issuer credit rating (ICR) of “bbb+” and the debt ratings of The Hartford Financial Services Group, Inc., as well as the ICRs of...
Hartford Moving Closer to Its P/C Roots But Not Severing All Life Ties
Mar 21 2012 // The Hartford Financial Services Group Inc., under pressure to boost its stock price from hedge fund manager John Paulson, said it would get rid of most of its life insurance-related operations and focus on being a property...
Ratings Agencies Respond to The Hartford’s Plan to Exit Life Insurance
Mar 21 2012 // In response to Hartford Financial Services Group Inc.’s planned exit from some of its life insurance business, Standard & Poor’s Rating Services said it is downgrading the subsidiaries previously aggregated...
Largest Shareholder Presses The Hartford to Decide Soon on Split-Up
Mar 9 2012 // Hedge fund manager John Paulson said Hartford Financial Services Group Inc. could boost its share price by 62 percent if it listened to his advice to break up the insurance provider as early as April. The billionaire,...
People
Mar 5 2012 // The Inland Marine Underwriters Association (IMUA) has voted Swiss Re America senior vice president Peter Opinante to assume the chairmanship of the board. Opinante, who served as deputy chair, fills the seat vacated by...
People
Mar 5 2012 // Hartford Financial Services Group appointed Tom Tucker as chief underwriting officer of commercial markets and head of specialty casualty. He comes from American International Group’s Chartis, where he was chief...
Paulson Steps Up Pressure, Urges Hartford to Spin Off P/C Biz
Mar 5 2012 // Hedge fund manager John Paulson — who holds an 8.4 percent stake in The Hartford and is the biggest stakeholder in the company — wants to split up the 202-year-old insurer, and he’s intensifying his effort. On...
The Hartford Hires Chartis U.S. Underwriting Chief Tucker
Feb 22 2012 // Hartford Financial Services Group announced three senior management appointments, including Tom Tucker as chief underwriting officer of commercial markets and head of specialty casualty. He will start his post at The...
The Hartford’s AARP Program Looking for Agents
Feb 22 2012 // The Hartford says it will be increasing the availability of its auto insurance program for members of the American Association of Retired Persons (AARP) by expanding its base of producers. Originally, members of the AARP...
Paulson Steps Up Pressure, Urges Hartford Board to Spin Off P/C Biz
Feb 15 2012 // Hedge fund manager John Paulson — who currently holds a 8.4 percent stake in The Hartford — filed a letter yesterday to the board of The Hartford with the Securities and Exchange Commission. In the letter, the...
The Hartford’s Biggest Stakeholder Wants to Split Up the Firm
Feb 13 2012 // The Hartford Financial Services Group’s biggest stakeholder is not happy with its stock price and wants The Hartford CEO Liam McGee to do “something drastic,” including splitting up the company’s...
Companies Partner to Offer New Elevator Insurance Program
Feb 9 2012 // JM Associates/Burnham + Company, a division of Hub International Northeast, announced today that The Hartford will now be the general liability carrier for its national elevator program. The new product will provide...
The Hartford Reports $127M Q4 Profit, Down 79% From One Year Ago
Feb 7 2012 // Hartford Financial Services Group reported $127 million for its 2011 fourth-quarter net income, down 79 percent from one year ago when the company posted $619 million profit. Results were hurt by higher net capital losses...
Hartford Financial to Sell Life Private Placement Unit for $117.5M
Dec 6 2011 // Hartford Financial Services Group is selling all assets of its Hartford Life Private Placement unit to Philadelphia Financial Group Inc. for $117.5 million. Hartford Life Private Placement, based in Florham Park, N.J.,...
The Hartford Names New Chief Risk Officer
Oct 26 2011 // The Hartford Financial Services Group has appointed Robert Rupp, 58, as executive vice president and chief risk officer, reporting to the company’s Chairman, President and CEO Liam McGee. Rupp assumes the role on...
Ratings Recap: HSB, Southern General/Green Star, DAKOTACARE
Oct 14 2011 // A.M. Best Co. has upgraded the financial strength rating (FSR) to A++ (Superior) from ‘A+’ (Superior) and the issuer credit ratings (ICR) to “aa+” from “aa-” of The Hartford Steam Boiler...
United Valley Insurance Selected to Offer The Hartford’s AARP Insurance Program
Oct 13 2011 // The Hartford Financial Services Group, Inc., has made its AARP-branded auto insurance program available through United Valley Insurance in Fresno, Calif. The Hartford is offering the AARP-branded auto insurance program...
