Reinsurance News
The Hartford
S&P upgrades The Hartford and its subsidiaries to ‘AA-’ on strengthened capital and steady results
26th August 2025
S&P Global Ratings, a provider of independent credit ratings and financial analysis, has upgraded The Hartford Insurance Group and its core subsidiaries, citing consistent results and stronger capital resiliency. The Hartford, a US insurer known for its property and casualty coverage as well as employee benefits, has seen its financial strength ... Read the full article
The Hartford sees Q2’25 net income and premium growth with lower cat losses
29th July 2025
US-based insurer The Hartford has announced its financial results for the second quarter of 2025, reporting a 35% increase in net income, and 8% growth in Property & Casualty (P&C) written premiums. According to the firm, the increase in Q2 2025’s P&C written premiums was driven by Business Insurance and Personal ... Read the full article
The Hartford promotes Chhabra to Chief Risk Officer as Paiano retires
18th July 2025
The Hartford, a provider of insurance and financial services, has promoted Prateek Chhabra to Chief Risk Officer, effective September 1st, 2025. He will report directly to Christopher Swift, The Hartford’s Chairman and Chief Executive Officer. Chhabra succeeds Robert Paiano, who will retire from the company at the end of the year ... Read the full article
The Hartford appoints Stephanie Lynch as Head of Ceded Reinsurance
17th June 2025
The Hartford, a provider of insurance and financial services, has appointed Stephanie Lynch as Head of Ceded Reinsurance. Lynch brings 15 years of industry experience to the role. She joined The Hartford in September 2023 as Cyber Underwriting Officer, where she focused on strategy, growth, and streamlining the company’s cyber portfolio. Previously, ... Read the full article
The Hartford sees 16% dip in Q1’25 net income due to wildfire losses
25th April 2025
The Hartford has reported a Q1 2025 net income available to common stockholders of $625 million, down from $748 million in Q1 2024, primarily driven by P&C current accident year catastrophe losses of $467 million, before tax, including $325 million, net of reinsurance, related to the January 2025 California wildfires. The ... Read the full article
The Hartford appoints new executives and restructures technology and operations divisions
31st March 2025
The Hartford, a provider of insurance and financial services, has announced significant changes within its executive team and the introduction of a new organisational structure for its Technology and Operations functions. Shekar Pannala has been appointed as the company’s Chief Information Officer (CIO), where he will oversee the Technology division, including ... Read the full article
The Hartford reports Q4’24 net premium growth
31st January 2025
The Hartford has announced its financial results for the fourth quarter of 2024, reporting a net income of $848 million, which increased 11% from $766 million over the same period in 2023. According to the firm, this growth was mainly driven by improvement in the P&C loss and loss adjustment expense ... Read the full article
The Hartford appoints Morris Tooker as Company President
10th January 2025
Property and casualty (P&C) insurer The Hartford has announced the appointment of Morris Tooker as Company President, effective February 1, 2025. In this new role, Tooker will oversee Personal Lines in addition to his current responsibilities, which include Small Commercial, Middle & Large Commercial, Global Specialty, Enterprise Sales & Distribution, and ... Read the full article
Annette Rippert joins The Hartford’s Board of Directors
9th January 2025
Annette Rippert will join The Hartford's Board of Directors, starting February 18, 2025, and will contribute to the Finance, Investment, and Risk Management Committee. “Annette’s visionary leadership in technology, data and artificial intelligence make her a valuable addition to our board,” added The Hartford’s Chairman and CEO Christopher Swift. “Her extensive experience ... Read the full article
The Hartford strengthens presence in Asia with new service company in Singapore
8th January 2025
The Hartford, a leading US-based insurance and financial services company, has launched a new service company in Singapore to expand its presence in Asia and enhance its reach in one of the world’s largest commercial wholesale markets through its Lloyd’s Syndicate 1221, with Zhenghong Pan appointed to lead the initiative. "Our ... Read the full article
The Hartford makes new leadership appointments with Garrison as head of Wholesale and International
30th October 2024
Property & casualty (P&C) insurer The Hartford has announced an expansion of Michael Garrison's responsibilities to include the International division, in addition to his current role as head of the company's US wholesale organisation. Furthermore, Rick Ciullo has been appointed as the head of Global Specialty's U.S. retail operations, a position ... Read the full article
The Hartford and Coalition partner to tackle growing demand in UK cyber market
29th October 2024
Property & casualty (P&C) insurer The Hartford and Coalition, a cyber insurer, have entered into a strategic, long-term capacity partnership to combat the growing customer and broker demand for Coalition’s Active Cyber Insurance approach in the UK market. Coalition’s Active Cyber Insurance offering is designed to help organisations spot, mitigate, and ... Read the full article
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
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