John Paulson News

Ratings Agencies Respond to The Hartford’s Plan to Exit Life Insurance

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 under Hartford Life, and assigning individual ratings and outlooks to …

Hartford Bows to Shareholder Paulson, Sells Most Life Insurance Units

The Hartford Financial Services Group yielded to demands from its biggest shareholder, famed hedge fund manager John Paulson, and said on Wednesday that it would get rid of most of its life insurance-related operations. The Hartford, one of the oldest …

Largest Shareholder Presses The Hartford to Decide Soon on Split-Up

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, whose Paulson & …

Paulson Steps Up Pressure, Urges Hartford Board to Spin Off P/C Biz

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 billionaire investor made …