The Hartford Financial Services Group has completed the sale of its Hartford Seguros subsidiary in Bilbao, Spain, to Liberty International, a subsidiary of Liberty Mutual Group. Financial terms of the transaction were not disclosed.
The sale of Hartford Seguros reflects the company’s strategic shift in its international operations to emphasize growth opportunities in the asset accumulation business in Latin America and Asia.
The Hartford has pension and life insurance operations in Latin America, and is selling annuities in Japan through Nikko Securities. The company continues to have reinsurance operations in Spain and other international locations.
Was this article valuable?
Here are more articles you may enjoy.
‘Catastrophic’ Hack Underscores Public Defender Security Gaps 
AIG to Acquire Renewal Rights of Everest’s Retail Commercial Business Worth $2B 
Hurricane Melissa Churns Toward Jamaica as Category 5 Storm 
Florida Appeals Court Reverses $200M Jury Verdict in Maya Kowalski Case 
