Reinsurance News
The Hartford
The Hartford names Terence Shields Chief Sustainability Officer
1st December 2022
Property and casualty insurer The Hartford, has appointed Terence Shields to the newly created role of Chief Sustainability Officer. According to the announcement, Shields will lead the Office of Sustainability as it guides The Hartford’s overall ESG strategy, initiatives and disclosures and will oversee the execution of the company’s ESG agenda. He ... Read the full article
The Hartford announces three new appointments
2nd November 2022
Property and casualty insurer, The Hartford has named Tracey Ant head of Middle & Large Commercial Business Units. According to the announcement, as of January 1, 2023, Ant will oversee all Middle & Large Commercial business units driving underwriting excellence across multiple industries including construction, large property, real estate, life sciences, ... Read the full article
The Hartford reports “strong” profits despite Hurricane Ian losses
28th October 2022
US property and casualty insurer, The Hartford, has reported a net income of $333 million for the third quarter of 2022, down 20% compared to the $476 million reported last year. According to the company, this was primarily due to lower net investment income and a change from net realised gains ... Read the full article
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