Latest The Hartford Headlines
All the headlines from our The Hartford Topic Page, ordered by recency.
The Hartford to Pay $81K in Restitution for Auto Claims in Vermont
Dec 13 2012 // The Vermont Department of Financial Regulation says the Hartford Financial Services Group has agreed to pay more than $81,000 in restitution to Vermont customers whose auto insurance claims were improperly evaluated. The...
The Hartford Says Sandy Losses $370 Million
Dec 11 2012 // Insurer Hartford Financial Services Group Inc said on Tuesday it expects pretax losses of $370 million from Superstorm Sandy, which ravaged New York and New Jersey in October. The Hartford said 60 percent of the losses...
Hartford CEO McGee Says ‘Undoubtedly Weather Has Changed’
Dec 7 2012 // The Hartford Financial Services Group CEO Liam McGee said his company’s gross losses from Superstorm Sandy may hit the reinsurance deductible of $350 million. Speaking at the Goldman Sachs Financial Services...
AIG Acquires The Hartford’s Financial Advisory Group Woodbury
Dec 3 2012 // American International Group Inc. has acquired broker-dealer Woodbury Financial Services Inc. from The Hartford. The companies signed an agreement for the acquisition on July 31, 2012. Woodbury Financial Services is now...
Paulson Hedge Fund Cuts Holdings in Hartford Financial Services
Nov 15 2012 // Billionaire hedge fund manager John Paulson cut his third and fourth biggest portfolio holdings and made a bigger bet on a gold mining firm, according to a regulatory filing released on Thursday. New York-based hedge fund...
The Hartford’s Q3 Profit Soars; CEO Calls Hurricane Sandy ‘Manageable Exposure’
Nov 2 2012 // The Hartford Financial Services Group reported $401 million profit for its third quarter, up from $60 million profit posted during the same period one year ago. CEO Liam McGee said the Hartford generated strong...
Prudential to Pay $615 Million for Hartford’s Life Insurance Unit
Sep 28 2012 // 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...
People – East
Sep 24 2012 // Marsh & McLennan Cos. appointed J. Michael Bischoff as chief financial officer. Bischoff has been serving as interim CFO since March 2012 when then-CFO Vanessa Wittman resigned to join Google as its Motorola Mobility...
Business Moves – East
Sep 24 2012 // Cook, Hall & Hyde, Maran Corp. Risk Two brokerages in the Metro New York region — Cook, Hall & Hyde and Maran Corporate Risk Associates — announced their intention to enter into a merger agreement. Cook, Hall...
People – Southeast
Sep 24 2012 // The Hartford Financial Services Group has named Matthew Kirk senior vice president of sales and distribution for the company’s commercial markets division. He is based in Hartford, Conn. Kirk joined The Hartford in...
The Hartford Names SVP for Commercial Markets Sales and Distribution
Sep 7 2012 // The Hartford Financial Services Group has named Matthew Kirk senior vice president of sales and distribution for the company’s commercial markets division. He is based in Hartford, Conn.Matthew KirkKirk joined The...
The Hartford to Sell Retirement Plan Unit to MassMutual
Sep 5 2012 // The Hartford Financial Services Group Inc. on Tuesday said it would sell its retirement plans business to life insurer MassMutual for $400 million cash, part of The Hartford’s plan to shed assets and focus on its...
The Hartford Promotes Bateman to Senior VP and Controller
Aug 30 2012 // The Hartford Financial Services Group has promoted Robert Bateman to senior vice president and controller of the company. Bateman succeeds Beth Bombara who was recently promoted to lead The Hartford’s Life Runoff...
The Hartford Reports $101M Q2 Loss for Debt Payoff
Aug 2 2012 // The Hartford Financial Services Group Inc. reported a $101 million second-quarter net loss Wednesday, a consequence of paying off a huge debt to Allianz SE. Retiring the debt is part of the insurer’s continuing...
AIG’s SunAmerica to Acquire Woodbury Financial Services from The Hartford
Aug 1 2012 // American International Group announced that its life and retirement business, SunAmerica Financial Group, Inc., has signed a definitive agreement with The Hartford Financial Services Group Inc. to acquire Woodbury...
The Hartford Completes $117.5M Sale of Life Private Placement Unit
Jul 18 2012 // The Hartford Financial Services Group has completed the sale of its Hartford Life Private Placement unit to Philadelphia Financial Group. The transaction, valued at $117.5 million, was first announced last December....
The Hartford Expects Q2 Catastrophe Losses Near $300 Million
Jul 17 2012 // The Hartford said that it expects to report current accident year catastrophe losses of $280 million to $300 million before tax in the second quarter of 2012, as compared to $447 million before tax in the second quarter of...
The Hartford Enhances Sales Support For Small Business Benefit Brokers
Jun 27 2012 // A new team at The Hartford is offering specialized services for benefits brokers, in order to meet the changing needs of small business owners and their employees. The Hartford recently launched a small business center...
Small Business Owners Dismiss Risk of Data Breach: Survey
Jun 14 2012 // As the number of data breaches involving smaller businesses continues to grow, a new survey by The Hartford finds 85 percent of small business owners believe a data breach is unlikely, and many are not implementing simple...
Paulson to Step Back From His Activist Role at The Hartford
Jun 4 2012 // John Paulson, the hedge fund manager who has been pressuring The Harford to break itself apart to maximize shareholder value, is apparently satisfied with the insurer’s restructuring effort. Paulson’s hedge...
