Reinsurance News
The Hartford
The Hartford posts 18% rise in net income in Q3, P&C CAY CAT losses reach $247m
25th October 2024
Property & casualty (P&C) insurer The Hartford has posted an 18% year-on-year increase in net income to $761 million for the third quarter of 2024, driven by double-digit earned premium growth in both its Commercial and Personal Lines segments, as well as lower net realised losses and higher net investment ... Read the full article
The Hartford reports 35% rise in Q2’24 net income
26th July 2024
Property and casualty (P&C) insurer The Hartford has reported a 35% year-on-year increase in net income to $733 million for the second quarter of 2024, driven by a higher underwriting gain in P&C, stronger net investment income, and an improved Group Benefits loss ratio. Alongside the rise in net income, the ... Read the full article
Michael Fish to head The Hartford Group Benefits, Bassett named global CUO
10th July 2024
Property and casualty insurer, The Hartford has announced the appointment of Michael Fish, the current chief operating officer for Group Benefits, as the new head of Group Benefits. He will succeed Jonathan Bennett, who will retire at the end of 2024 after 25 years with the company. Additionally, H. Clay Bassett Jr. ... Read the full article
AM Best upgrades Issuer Credit Rating for The Hartford Financial Services Group
20th June 2024
Global credit ratings agency AM Best has upgraded the Issuer Credit Ratings (Long-Term ICR) of The Hartford Financial Services Group, Inc. (The Hartford) and its subsidiaries. To break it down, AM Best has revised the outlook to positive from stable for the Long-Term ICRs and affirmed the Long-Term ICR of “a-” ... Read the full article
Kathleen Winters joins The Hartford’s board of directors
5th June 2024
Property and casualty insurer, The Hartford has announced the appointment of Kathleen Winters to the company’s board of directors, effective July 1, 2024. Winters will serve on the board’s Finance, Investment and Risk Management Committee as well as the Audit Committee. The insurer also announced that Edmund Reese, who was recently ... Read the full article
The Hartford reports 41% rise in Q1’24 net income to $748m
26th April 2024
Insurer The Hartford has reported strong Q1 2024 results with net income of $748 million, up 41% on the $530 million seen a year earlier, as P&C written premiums increased 9% in the quarter on the back of 8% growth in commercial lines and 13% growth in personal lines. Supporting the ... Read the full article
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
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