Latest The Hartford Headlines
All the headlines from our The Hartford Topic Page, ordered by recency.
Beazley Acquiring The Hartford’s Surplus Lines Insurer, First State
Feb 17 2009 // London-based insurer and reinsurer Beazley Group is acquiring Boston-based First State Management Group, an underwriting manager specializing in excess and surplus lines commercial property insurance for $35.4 million in...
The Hartford Sues Virginia Firm to Limit Salmonella Claims
Feb 9 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...
The Hartford Reports Loss for 2008, ‘Most Challenging’ Year in History
Feb 6 2009 // The Hartford Financial Services Group, Inc. reported a fourth quarter 2008 net loss of $806 million. For full year 2008, The Hartford reported a net loss of $2.7 billion, compared to net income of $2.9 billion in...
Obama Taps The Hartford’s Wolin for Key Economic Policy Post
Jan 28 2009 // The Hartford Financial Services Group, Inc. today announced that Neal Wolin, president and chief operating officer of the company’s Property and Casualty Operations, has accepted a position in the White House as...
The Hartford Hiring 150 Workers for Reno Call Center
Jan 13 2009 // The Hartford Financial Services Group plans to hire 150 full-time workers by spring for a Reno, Nev., call center. The Connecticut-based company says the workers will take service calls from members of AARP, the...
U.S. Approves The Hartford, Lincoln National Bank Holding Company Bids
Jan 12 2009 // The U.S. Office of Thrift Supervision said on Friday that it approved applications from Hartford Financial Services Group Inc and Lincoln National Corp to become bank holding companies, an important step toward these...
Best Removes Hartford from Review; Affirms ‘A+’ Ratings
Dec 29 2008 // A.M. Best Co. has removed from under review with negative implications and affirmed the financial strength ratings of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of the key life/health...
The Hartford Soars on Higher Outlook; Strong Capital Reassures Investors
Dec 5 2008 // Hartford Financial Services Group Inc. shares soared as much as 52 percent Friday after the company boosted its 2008 profit forecast and said it had more than enough capital to withstand significant further deterioration...
Business Moves
Nov 2 2008 // The Hartford, Allianz SE The Hartford Financial Services Group Inc. finalized a $2.5 billion capital investment by Allianz SE. Under the agreement, Allianz purchased, at $31 per share, $750 million of preferred shares...
Risk Managers Report Price Softening; Insurers Battle Surplus Decline
Nov 2 2008 // Property Premiums Fall Sharply; P/C Insurers Post Q3 Losses; Some Sell Stock to Raise Cash for Surplus Woes Risk managers report that commercial policy renewal prices are continuing to drop even as insurers are battling a...
The Hartford’s Q3 Loss Reported at $2.6 Billion
Oct 30 2008 // Hartford Financial Services Group Inc. joined other insurers in reporting a loss in the third quarter due to large investment losses and catastrophe claims. The Hartford reported a third quarter 2008 net loss of $2.6...
The Hartford Closes on $2.5 Billion Investment from Allianz SE
Oct 20 2008 // The Hartford Financial Services Group, Inc. has finalized a $2.5 billion capital investment by Allianz SE. Under the agreement, Allianz has purchased, at $31 per share, $750 million of preferred shares convertible to...
Why The Hartford Took a Hit on Wall Street
Oct 6 2008 // The Hartford Financial Services Group Inc. lost nearly $9 billion of market value last week as investors fled the financial sector during the worst crisis in decades. “We’ve got contagion right now”...
Allianz Agrees to $2.5 Billion Investment in The Hartford
Oct 6 2008 // The Hartford Financial Services Group, Inc. announced that it will receive a $2.5 billion capital investment from Allianz SE. The agreement came after a tough week on Wall Street for The Hartford. It lost nearly $9 billion...
S&P, A.M. Best Watching The Hartford’s Ratings
Oct 6 2008 // Rating analysts are taking a second look at The Hartford Financial Services Group in light of its recent hit on Wall Street, third quarter investment losses and infusion of outside capital. Analysts at A.M. Best Co. have...
People
Oct 6 2008 // National insurance program administrator Venture Insurance Programs named Michael DeMarco executive vice president for its Preferred Club Program. He will be responsible for the overall success of the insurance program for...
People
Oct 6 2008 // American International Group Inc. (AIG) named Edward M. Liddy as chairman and CEO. He succeeds Robert B. Willumstad. Stephen F. Bollenbach, who was named lead independent director in June 2008, continues in that...
Oct 6 2008 // American International Group Inc. (AIG) named Edward M. Liddy as chairman and CEO. He succeeds Robert B. Willumstad. Stephen F. Bollenbach, who was named lead independent director in June 2008, continues in that...
People
Oct 6 2008 // National insurance program administrator Venture Insurance Programs named Michael DeMarco executive vice president for its Preferred Club Program. He will be responsible for the overall success of the insurance program for...
