Reinsurance News

The Hartford

The Hartford announces Doug Elliot to retire as company President

8th September 2022

The Hartford has announced that Doug Elliot will retire as president after more than 11 years with the company. Elliot spoke about his time at The Hartford, stating, “I am honoured to have had the opportunity to work for this iconic and trusted brand and proud to be a part of ... Read the full article

The Hartford appoints Edmund Reese to its board

16th August 2022

Edmund Reese will join the Hartford’s board of directors in the middle of October, according to a statement from the company. According to The Hartford, Reese will serve on its Finance, Investment, and Risk Management and Audit Committees. He is currently employed as the CFO of Broadridge Financial Solutions. Christopher Swift, chairman ... Read the full article

The Hartford sees fall in reported Q2 net income

29th July 2022

US property and casualty insurer, The Hartford, reported a net income of $437 million for the second quarter of 2022, after falling from $900 million in the 2021 period. According to the insurer, this was primarily due to a $485 million, before tax, change from net realised gains to net realised ... Read the full article

The Hartford reverses underwriting loss in Q1

29th April 2022

US property and casualty insurer, The Hartford, has reported an 80% increase in net income for the first quarter of 2022, ending the period at $440 million. The result was mainly due to a reversal in its underwriting performance, which moved by $435 million from an underwriting loss of $216 million ... Read the full article

The Hartford sets 2050 net zero target for all operations

8th April 2022

US property and casualty insurer, The Hartford, has announced its goal to achieve net zero Greenhouse Gas Emissions (GHGe) for its full range of businesses and operations by 2050, in alignment with the Paris Climate Accord. The goal is in addition to the company’s existing targets, where they aim to operate ... Read the full article

Zurich NA names Tobias Cushing as Head of Construction Casualty

22nd March 2022

Zurich North America has appointed Tobias Cushing as Head of Construction Casualty for U.S. National Accounts, which serves large corporate and captive customers. Cushing joins from The Hartford, where he most recently was Head of Construction for Middle & Large Commercial and will report to Head of Construction, Kelly Kinzer. In his ... Read the full article

Swiss Re CorSo & The Hartford partner on multinational coverage

15th February 2022

Swiss Re Corporate Solutions and The Hartford have entered into a strategic agreement that expands The Hartford’s network of global partners, giving the company’s multinational customers broader access to insurance coverage around the world. In countries where The Hartford will use Swiss Re carriers to offer property cover, ONE Form, Swiss ... Read the full article

The Hartford reports strong income growth for Q4 and full-year

4th February 2022

US property and casualty insurer The Hartford has reported 36% growth in net income for the fourth quarter of 2021 and growth of 37% for the full year. Q4 income amounted to $724 million, with the company attributing the quarterly improvement to a decrease in P&C net unfavourable prior accident year ... Read the full article

Everest and The Hartford to join Berne Union

20th January 2022

The Berne Union has added two new private underwriters of credit and political risk insurance, expanding its presence within the re/insurance industry. The union confirmed that Everest and The Hartford have been added as Observer Members of the Medium and Long-Term Committee, taking the total number of Members and Observers to ... Read the full article

Premia targets European run-off growth, completes latest acquisition

29th December 2021

Bermuda domiciled reinsurance run-off group, Premia Holdings has completed the acquisition of Navigators Holdings (Europe) NV and its associated companies from The Hartford. The associated companies included in the acquisition are Assurances Continentales – Continentale Verzekeringen NV of Belgium and Canal Re S.A. of Luxembourg, known collectively as ASCO, both of ... Read the full article

The Hartford names Michael Garrison as head of Wholesale for Navigators

26th October 2021

The Hartford has named Michael Garrison as head of Wholesale for Navigators, where he will lead the strategic direction, growth, and underwriting for the business. He will report to The Hartford’s head of Global Specialty Adrien Robinson. Garrison brings over 28 years of experience in the insurance industry, having worked in New ... Read the full article

The Hartford to pay $787mn in new Boy Scouts of America deal

15th September 2021

The Hartford has entered into a new agreement-in-principle in the Boy Scouts of America (BSA) bankruptcy that will see the firm pay $787 million, before tax, for claims associated with policies mostly issued in the 1970s. In exchange for The Hartford’s payment, the BSA and its local councils will fully release ... Read the full article

The Hartford’s $200mn Ida bill to fall outside reinsurance cover: KBW

13th September 2021

KBW analysts, while attending a competitor conference featuring executives from The Hartford, have highlighted an initial loss figure from hurricane Ida of $200mn, an estimate which encompasses all of the insurer's losses related to the storm. Furthermore, KBW has relayed that The Hartford doesn't anticipate reaching its minimum reinsurance layers, which ... Read the full article

The Hartford adds Claire Burns as Marketing, Communications Officer

5th August 2021

The Hartford has appointed Claire Burns to serve as Chief Marketing and Communications Officer, effective September. Burns will report directly to Chairman and CEO Christopher Swift and succeeds Kathleen Bromage, who will remain in an advisory role and continue to oversee Hartford Next through the end of the year. “Claire’s outstanding industry ... Read the full article

The Hartford reports $900mn Q2 net income

29th July 2021

US property and casualty insurer The Hartford has reported a Q2 2021 net income of $900 million, an increase of 94% from $463 million in Q2 2020. Its combined ratio in the second quarter came in at 88.9%, with an underlying combined ratio of 89.4%, a 13.5 point improvement from 102.9%. The ... Read the full article