Prudential Financial Inc. will buy the individual life insurance business of Hartford Financial Services Group Inc. for $615 million in cash, the companies said on Thursday. Prudential said the deal would add scale to its own individual life business, while …
Hartford Financial Services Group’s independent brokerage unit Woodbury Financial Services hasn’t posted a profit for at least five years, but some investment bankers say that won’t deter a small circle of expansion-minded rivals from bidding on the business. Last week …
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 under Hartford Life, and assigning individual ratings and outlooks to …
