Reinsurance News
The Hartford
The Hartford names Head of NE division sales & underwriting for middle & large commercial
20th March 2024
Property and casualty insurer, The Hartford, has named Matthew Massaro head of sales and underwriting for its Middle and Large Commercial Businesses’ Northeast Division. Massaro has been with the insurer for more than 25 years, most recently serving as Regional Vice President for the firm's Connecticut and Long Island, New York ... Read the full article
The Hartford to combine Operations and Technology, headed by Deepa Soni
6th March 2024
Property and casualty insurer The Hartford has announced a new organisational structure combining its Operations and and Technology, Data, Analytics & Cyber functions under one leadership to advance the company’s strategy. As part of this new structure, the insurer expanded Deepa Soni’s role as chief information officer and head of Technology, ... Read the full article
The Hartford ‘very pleased’ with January 1 reinsurance renewal outcome, says CFO
5th February 2024
U.S. primary insurer The Hartford is "very pleased" with the placements and terms and conditions for its core per occurrence and aggregate reinsurance treaties the company renewed at the January 1, 2024, reinsurance renewals. Alongside the release of its fourth quarter and full year 2023 financial results last week, property and ... Read the full article
The Hartford posts $766m net income in Q4, P&C written premiums rise 10%
2nd February 2024
The Hartford has posted a net income of $766 million for the fourth quarter of 2023, a substantial rise from $587 million in the fourth quarter of 2022. The company noted that this was primarily driven from a higher property & casualty (P&C) underwriting gain, including strong premium growth in Commercial ... Read the full article
The Hartford announces key leadership appointments
30th November 2023
Property and casualty insurer The Hartford has named A. Morris Tooker as the Head of Commercial Lines, Melinda Thompson as Head of Personal Lines, Don Hunt as General Counsel, Chris Jones is now head of Small Commercial, and Tracey Ant has been appointed as Head ... Read the full article
The Hartford sees net income increase to $645m in Q3’23
27th October 2023
Property and casualty (P&C) insurer The Hartford has reported a net income of $645 million for the third quarter of 2023, a 93% increase from $334 million from the same period last year. According to the firm, this was primarily due to a higher P&C underwriting gain, an increase in net ... Read the full article
Stephen Deane to return to The Hartford as Chief Claims Officer
20th October 2023
The Hartford, a property & casualty insurer, has appointed Stephen Deane as Chief Claims Officer (CCO), effective November 6, 2023. In the role, Deane will report directly to John Kinney - Head of Claims and Operations, and will also become a member of The Hartford’s executive leadership team. He succeeds Mary Nasenbenny, ... Read the full article
Marco Capital acquires UK insurance company from The Hartford
9th June 2023
Marco Capital Holdings Limited, an European P&C insurance run-off group, has completed the acquisition of Navigators International Insurance Company Limited (NIIC) from The Hartford. Originally announced on February 17, 2023, the transaction received regulatory approval and has now closed. Simon Minshall, Marco CEO, commented: “We are delighted to have closed another transaction ... Read the full article
US insurance companies fail proxy season’s climate test: Insure Our Future
7th June 2023
U.S insurance companies Chubb, The Hartford, and Travelers and their largest shareholders failed this proxy season’s climate test, according to pressure group Insure Our Future. Concerned investors filed resolutions to address the climate and human rights-related risks associated with insurers’ underwriting, but none received majority support. At their annual general meetings ... Read the full article
The Hartford announces Henderson’s promotion among a number of leadership appointments
1st June 2023
Property and casualty insurer, The Hartford has announced new leadership appointments in Group Benefits, Small Commercial and Personal lines. Hayes Henderson has been promoted to head of sales and relationship management for Group Benefits, succeeding Lori High who is retiring after 10 years with the company. He will be responsible for developing ... Read the full article
The Hartford forecasts Q1 P&C catastrophe losses of $185m
14th April 2023
The Hartford has announced its preliminary earnings estimates for Q1 2023, including net income available to common stockholders of $530 million, and P&C current accident year (CAY) catastrophe losses of $185 million. Of the total CAY CAT losses, $138 million are estimated in Commercial Lines, while $47 million are in Personal ... Read the full article
Shekar Pannala joins The Hartford as CIO for P&C
14th March 2023
Property and casualty insurer, The Hartford has appointed Shekar Pannala to the newly created role of Chief Information Officer (CIO) for Property & Casualty. With broad technology experience, built over a 30-year career, Pannala will lead technology across the company’s Personal Lines, Small Commercial and Middle & Large Commercial businesses. He will ... Read the full article
Marco Capital to acquire NIIC from The Hartford
17th February 2023
European P&C run-off specialist Marco Capital has announced the acquisition of UK-based Navigators International Insurance Company (NIIC) from The Hartford. NIIC is authorised by the Prudential Regulation Authority and the Financial Conduct Authority and was first established by The Navigators Group, Inc. The Navigators Group was acquired by The Hartford in ... Read the full article
The Hartford appoints Jack Bardrick as Head of Distribution for Global Specialty Intl.
16th February 2023
Property and casualty insurer, The Hartford has appointed Jack Bardrick as Head of Distribution for Global Specialty International. As Head of Distribution, Bardrick will be responsible for distribution across Hartford's Lloyd's Syndicate 1221. Additionally, the role will also see him drive profitable growth as planned across the Syndicate's market leading specialisms, which ... Read the full article
The Hartford sees net income decrease to $1.8bn in full-year results
3rd February 2023
Property and casualty (P&C) insurer The Hartford has reported a net income of $584 million for the fourth quarter of 2022, a 19% decrease compared to $724 million from the same period last year. According to the firm, this was primarily due to a decrease in P&C underwriting results and a ... Read the full article