Latest The Hartford Headlines
All the headlines from our The Hartford Topic Page, ordered by recency.
Q1 Earnings: AIG, Liberty Mutual Profits Soar
May 21 2012 // AIG Profit More Than Doubles American International Group Inc. reported $3.21 billion net income for its 2012 first quarter, a 147 percent increase from $1.30 billion net income posted during the same period one year...
Hartford: Restructuring Plan Is Going Well
May 21 2012 // The Hartford Financial Services Group said its plan to focus on its core operations and sell off non-core assets is going well. “We concluded the strategic evaluation of the businesses and announced our plan to focus...
Investor Paulson to Scale Back His Activist Role in Hartford’s Shares
May 16 2012 // John Paulson, the hedge fund manager who has been pressuring The Harford to break itself apart to maximize shareholder value, appears satisfied with the insurer’s restructuring effort. Paulson’s hedge fund...
Hartford Q1 Profit Drops 81% on Realized Loss, But Core Earnings Up
May 3 2012 // The Hartford Financial Services Group Inc. said its 2012 first quarter net income declined 80.8 percent to $96 million, hurt by a $587 million net realized loss from runoff operations. The Hartford’s net income...
The Hartford to Offer Electric Vehicle Discount
Apr 19 2012 // The Hartford is now offering drivers of electric vehicles a discount of five percent on their auto insurance policies. The discount is available to new policyholders with electric vehicles in Ala., Ariz., Calif., Ill.,...
Hartford to Repay Allianz’s $2.4B Crisis Aid
Apr 16 2012 // The Hartford Financial Services Group plans to repay most of a rescue it received during the financial crisis, buying back debentures and warrants from Germany’s Allianz SE for $2.43 billion. In early October 2008,...
The New and Improved Hartford?
Apr 16 2012 // By now, it’s clear that the billionaire hedge fund manager John Paulson is not shy of letting his feelings be heard, especially when it comes to under-performing stocks. For the past couple of months, his target was...
Hartford to Repay Allianz’s $2.4 Billion of Crisis Aid
Apr 3 2012 // The Hartford Financial Services Group plans to repay most of a rescue it received during the financial crisis, buying back debentures and warrants from Germany’s Allianz SE for $2.43 billion. The Hartford’s...
The Hartford Selling Life Insurance Units
Apr 2 2012 // The Hartford Financial Services Group yielded to demands from its biggest shareholder, famed hedge fund manager John Paulson, and said on March 21 that it will get rid of most of its life insurance-related operations. The...
Paulson Says Hartford’s Plan Is Just ‘A First Step’
Mar 22 2012 // John Paulson, a billionaire hedge fund manager and the largest shareholder of The Hartford Financial Services Group, says the company’s plan to exit most of its life insurance businesses is a good start — but...
Best Puts The Hartford and Subs Ratings Under Review
Mar 22 2012 // A.M. Best Co. has placed under review with developing implications the issuer credit rating (ICR) of “bbb+” and the debt ratings of The Hartford Financial Services Group, Inc., as well as the ICRs of...
Hartford Moving Closer to Its P/C Roots But Not Severing All Life Ties
Mar 21 2012 // The Hartford Financial Services Group Inc., under pressure to boost its stock price from hedge fund manager John Paulson, said it would get rid of most of its life insurance-related operations and focus on being a property...
Ratings Agencies Respond to The Hartford’s Plan to Exit Life Insurance
Mar 21 2012 // 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...
Largest Shareholder Presses The Hartford to Decide Soon on Split-Up
Mar 9 2012 // Hedge fund manager John Paulson said Hartford Financial Services Group Inc. could boost its share price by 62 percent if it listened to his advice to break up the insurance provider as early as April. The billionaire,...
People
Mar 5 2012 // The Inland Marine Underwriters Association (IMUA) has voted Swiss Re America senior vice president Peter Opinante to assume the chairmanship of the board. Opinante, who served as deputy chair, fills the seat vacated by...
People
Mar 5 2012 // Hartford Financial Services Group appointed Tom Tucker as chief underwriting officer of commercial markets and head of specialty casualty. He comes from American International Group’s Chartis, where he was chief...
Paulson Steps Up Pressure, Urges Hartford to Spin Off P/C Biz
Mar 5 2012 // Hedge fund manager John Paulson — who holds an 8.4 percent stake in The Hartford and is the biggest stakeholder in the company — wants to split up the 202-year-old insurer, and he’s intensifying his effort. On...
The Hartford Hires Chartis U.S. Underwriting Chief Tucker
Feb 22 2012 // Hartford Financial Services Group announced three senior management appointments, including Tom Tucker as chief underwriting officer of commercial markets and head of specialty casualty. He will start his post at The...
The Hartford’s AARP Program Looking for Agents
Feb 22 2012 // The Hartford says it will be increasing the availability of its auto insurance program for members of the American Association of Retired Persons (AARP) by expanding its base of producers. Originally, members of the AARP...
Paulson Steps Up Pressure, Urges Hartford Board to Spin Off P/C Biz
Feb 15 2012 // Hedge fund manager John Paulson — who currently holds a 8.4 percent stake in The Hartford — filed a letter yesterday to the board of The Hartford with the Securities and Exchange Commission. In the letter, the...
