Liam McGee News

Former Hartford CEO McGee Dies at 60

Liam McGee, an Irish-born banker and insurance executive who guided Hartford Financial Services Group Inc. through a taxpayer bailout and shored up the company’s finances, has died. He was 60. McGee died Feb. 13 after a two-year battle with cancer, …

Hartford CEO Swift Assumes Chairman’s Role from McGee

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, …

Hartford’s McGee Discusses Company’s Turnaround, Transformation

The Hartford Financial Services Group’s Liam McGee, who stepped down as president and CEO on July 1 but will remain executive chairman until next year’s shareholder meeting, spoke about the company’s transformation at the second quarter earnings conference call Thursday. …

Hartford CEO McGee Steps Down for Medical Recovery; Swift Named CEO

Hartford Financial Services Group Inc. promoted Christopher Swift to chief executive officer, replacing Liam McGee, who is stepping down after a medical procedure. Swift, 53, the chief financial officer who joined from American International Group Inc. in 2010, becomes CEO …

Hartford CEO McGee’s Pay Up 58% to $17.7 Million As Stock Surges

Liam McGee, the chief executive officer of Hartford Financial Services Group Inc., had his compensation increase 58 percent last year as he presided over a stock surge and sold assets to narrow the company’s focus. His package climbed to $17.7 …

The Hartford Cut Workforce by 3,700 in 2013

Hartford Financial Services Group Inc. cut its staff by 16 percent last year as Chief Executive Officer Liam McGee narrowed the insurer’s focus. The insurer had about 18,800 employees as of Dec. 31, a decline of 3,700 from a year …

Hartford May Sell Rest of Corporate-Owned Life Business: Report

Hartford Financial Services Group Inc., the insurer which rebuffed an activist’s calls to split into two companies last year, is considering a sale of a business that offered companies life insurance policies on their employees, people with knowledge of the …

Hartford’s McGee: Lessons from Clash with Activist Investor Paulson

Liam McGee, who led a rebound at Hartford Financial Services Group Inc. after shunning John Paulson’s call to split the insurer, said executives shouldn’t be defensive when handling activist investors. “You can’t circle the wagons,” McGee, Hartford’s chief executive officer, …

Hartford Profit Up As Focus Shifts to P/C Insurance

Hartford Financial Services Group Inc.’s profit surged as the insurer focused on property/casualty coverage after divesting life and annuity units. The company gained in extended trading. Third-quarter net income advanced to $293 million, or 60 cents a share, from $13 …

Hartford to Sell U.K. Variable Annuity Business to Berkshire

Hartford Financial Services Group Inc. agreed to sell its U.K. variable-annuity business to Berkshire Hathaway Inc. for about $285 million in cash. Hartford Life International Ltd., which was sold to Berkshire’s Columbia Insurance Co. unit, had $1.75 billion in assets …