Chicago-based commercial lines insurer CNA Financial Corp. has completed the previously announced sale of its group benefits business to Hartford Financial Services Group Inc. for about $500 million.
The business sold included group life and accident, and short- and long-term disability insurance. CNA’s group long-term care and specialty medical businesses were excluded from the sale. The transaction closed Dec. 31, 2003. As part of the sale, about 1,200 employees were transferred to The Hartford.
Was this article valuable?
Here are more articles you may enjoy.
In Florida Court, Sackler Family Member Admits Felony Tied to Her Opioid Addiction 
Trump Administration Targets Dismantling of Already-Weakened DEI 
Some College Finals Delayed After Canvas Online Platform Hacked 
Spirit Airlines Shuts Down After 34 Years, Blames Higher Oil Prices 
