Hartford Financial Services Group said on Friday that it has awarded Chief Executive Ramani Ayer $4.5 million for his 2008 compensation, in the face of a $2.75 billion net loss. The company also disclosed that it paid a former chief …
Surplus Lines Standards “We believe that the bill would make the surplus lines marketplace more efficient by facilitating the payment of surplus lines premium taxes and eliminating unnecessary duplicative compliance requirements on surplus lines multi-state risks.” —John Wood, president of …
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 2007. “This was …
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 Deputy Counsel to the President for Economic Policy …
Hartford Financial Services Group Inc. shares soared as much as 52 percent Friday after the company boosted its 2008 profit forecast and said it had more than enough capital to withstand significant further deterioration in equity markets. The outlook provided …
The Hartford, Allianz SE The Hartford Financial Services Group Inc. finalized a $2.5 billion capital investment by Allianz SE. Under the agreement, Allianz purchased, at $31 per share, $750 million of preferred shares convertible to common stock after receipt of …
Property Premiums Fall Sharply; P/C Insurers Post Q3 Losses; Some Sell Stock to Raise Cash for Surplus Woes Risk managers report that commercial policy renewal prices are continuing to drop even as insurers are battling a decline in statutory surplus. …
Hartford Financial Services Group Inc. joined other insurers in reporting a loss in the third quarter due to large investment losses and catastrophe claims. The Hartford reported a third quarter 2008 net loss of $2.6 billion. Its net income in …
The Hartford Financial Services Group, Inc. has finalized a $2.5 billion capital investment by Allianz SE. Under the agreement, Allianz has purchased, at $31 per share, $750 million of preferred shares convertible to common stock after receipt of applicable approvals, …
The Hartford Financial Services Group, Inc. announced that it will receive a $2.5 billion capital investment from Allianz SE. The agreement came after a tough week on Wall Street for The Hartford. It lost nearly $9 billion of market value …
