Even after putting through 20% rate hikes over the course of this year, The Hartford needs another round of similar magnitude next year, the insurance company’s leader said recently. The Hartford’s auto book won’t turn a profit until 2025, Chief …
The Hartford said second quarter net income was $542 million, an increase of 23% compared with the same period a year ago, driven by written premium growth of 12% in commercial lines. Net income from commercial lines was $458 million, …
The Hartford Chairman and CEO Christopher Swift said he remains interested in potential acquisitions – even large ones – less than a year after completing a noteworthy acquisition. However, plenty of conditions and criteria must be met before his company …
Christopher J. Swift, chairman and CEO of The Hartford, has been reelected as chairman of the board of directors of the insurer trade group, the American Insurance Association (AIA). Swift joined The Hartford in March 2010 and served as executive …
Although small commercial insurance—outside of auto—is a top-line accelerator at The Hartford, auto insurance severity continues hitting the bottom line, say executives who expect a pretax $50 million prior-year reserve charge to impact fourth-quarter profits. During Goldman Sachs Financial Services …
The Hartford reported net income of $438 million in third quarter 2016, an increase of 15 percent from third quarter 2015. Core earnings came in at $413 million in third quarter 2016, an increase of 13 percent from third quarter …
A group of re/insurance and global broking CEOs are assisting the work of the Insurance Development Forum (IDF), which was launched last month to help build resilience to climate risk and natural disasters, while bridging the insurance protection gap for …
The Hartford Chairman and CEO Christopher J. Swift will become chairman of the board of directors of the American Insurance Association (AIA) at its March meeting, serving a one-year term. Swift succeeds Michael S. McGavick, CEO of XL Group, as …
The Hartford reported core earnings of $389 million for the second quarter 2015, an increase of $245 million from $144 million in second quarter 2014. The increase was due in part to improved underwriting results with lower catastrophe costs in …
Hartford Financial Services Group Inc. Chief Executive Officer Christopher Swift was named to the additional post of chairman in a transition that occurred earlier than the insurer had initially planned. Swift, 53, replaces former CEO Liam McGee, 60, as chairman, …
