Latest The Hartford Headlines
All the headlines from our The Hartford Topic Page, ordered by recency.
People
Jul 20 2009 // Illinois Governor Pat Quinn named Michael McRaith director of the newly created Department of Insurance (DOI), which separated from the Illinois Department of Financial and Professional Regulation (IDFPR) on June 1,...
The Hartford’s Andrade to Keep P/C Unit Disciplined; Focused on Service
Jul 16 2009 // The Hartford Financial Services Group, Inc. has appointed Juan Andrade, 43, president and chief operating officer of its Property and Casualty Operations, effective immediately. Andrade will continue to report directly to...
The Hartford Takes $3.4 Billion in Bailout Funds
Jun 29 2009 // Hartford Financial Services Group Inc. said Friday it has taken $3.4 billion of federal bailout money, the maximum it was authorized to accept, to bolster capital in the wake of large investment losses. The Hartford,...
Lange Named Regional VP of Hartford’s Chicago Office
Jun 26 2009 // The Hartford Financial Services Group Inc. has appointed Jeff Lange as regional vice president of The Hartford’s Chicago Regional Office. The office provides underwriting, sales and loss control services for the...
Court Finds Liability Policy Excludes Claim in Trademark Case
Jun 11 2009 // The Hartford has no duty to defend or indemnify a policyholder that was accused of using another company’s federally protected trademark, a federal court in Maryland has ruled. The case pitted The Hartford against...
The Hartford Refunds $150,000 over Delaware AARP Auto Program
Jun 10 2009 // Delaware Insurance Commissioner Karen Weldin Stewart said The Hartford has agreed to refund over $150,000 to nearly 1,300 auto insurance customers due to the mishandling of the company’s rate filing for its AARP auto...
The Hartford’s CEO Ayer, Facing Pressure, to Retire
Jun 4 2009 // Hartford Financial Services Group said on Thursday that CEO and chairman Ramani Ayer, under pressure from shareholders as the 199-year-old insurer struggles with record losses, would retire by the end of the year. The...
The Hartford’s Fitzpatrick To Head Specialty Finance Unit
Jun 3 2009 // The Hartford Financial Services Group Inc. announced that Sean Fitzpatrick, senior vice president of its Middle Market insurance businesses, will assume responsibility for the company’s Specialty Financial insurance...
Business Moves
Jun 1 2009 // AIG American International Group has signed an agreement to sell its prime real estate holding in Tokyo for approximately $1.2 billion to Nippon Life Insurance Co. The property includes approximately one acre of land on...
The Hartford’s Wolin Confirmed as U.S. Treasury Deputy Secretary
May 19 2009 // Neal S. Wolin has been confirmed by the U.S. Senate to serve as the deputy secretary of the U.S. Department of the Treasury. In February, Wolin was named deputy assistant to the President and deputy counsel to the...
The Hartford Says It Will Not Sell P/C or Life Insurance Units
May 18 2009 // Hartford Financial Services Group Inc. said it plans to keep its U.S. property/casualty and life businesses, after winning approval last week to tap $3.4 billion of federal bailout funds. Chief Executive Ramani Ayer...
The Hartford Reported Shopping Its P/C Insurance Business
Apr 23 2009 // Hartford Financial Services Group Inc. is trying to sell its property/ casualty insurance business, sources familiar with the matter said Thursday, as the U.S. insurer reels from massive losses. Hartford has retained...
Business Moves
Mar 9 2009 // Marsh Marsh & McLennan Companies Inc., the No. 2 global insurance broker, said the 2008 restructuring at Marsh Inc., its flagship insurance brokerage unit, was on track to generate annual savings of $200 million, and...
Business Moves
Mar 9 2009 // Marsh Marsh & McLennan Companies Inc., the No. 2 global insurance broker, said the 2008 restructuring at Marsh Inc., its flagship insurance brokerage unit, was on track to generate annual savings of $200 million, and...
The Hartford Reported In Talks to Sell Life Insurance Unit
Mar 6 2009 // Hartford Financial Services Group Inc. is in talks to sell most of its life insurance subsidiary to Sun Life Financial Inc. of Canada, Bloomberg News reported, citing anonymous people. Splitting the Hartford, Conn.-based...
Best Downgrades Hartford’s Life and P/C Ratings; Outlooks Mostly Negative
Mar 3 2009 // A.M. Best Co. has downgraded the financial strength ratings (FSR) to ‘A’ (Excellent) from ‘A+’ (Superior) and the issuer credit ratings (ICR) to “a+” from “aa-” of the key...
The Hartford Sues Virginia Firm to Limit Salmonella Claims
Feb 22 2009 // The Hartford has filed a lawsuit to determine whether it must pay claims filed by victims of a nationwide salmonella outbreak traced to the Virginia peanut butter maker it insures. Hartford, Conn.-based Hartford Casualty...
People
Feb 22 2009 // Juan Andrade and Jonathan Bennett have been named as interim co-leads of the Property and Casualty Operations of The Hartford. Their appointment to those interim positions follows the departure of Neil Wolin, president and...
People
Feb 22 2009 // Juan Andrade and Jonathan Bennett have been named as interim co-leads of the Property and Casualty Operations of The Hartford. Their appointment to those interim positions follows the departure of Neil Wolin, president and...
People
Feb 22 2009 // American International Group (AIG) named Peter Eastwood president and CEO of Lexington Insurance Co., a unit of AIG Commercial Insurance. Eastwood assumes management responsibility for Lexington from Kevin H. Kelley, who...
