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The Hartford

The Hartford boosts net income by 15% in 2019

4th February 2020

Property and casualty insurer The Hartford has increased its full-year net earnings to $2.064 billion, due to lower catastrophe losses and investment income from the acquisition of Navigators Group. This figure represents a 15% increase on the $1.801 billion achieved in the prior year. Core earnings similarly came out at $2.062 billion, ... Read the full article

The Hartford announces new thermal coal, tar sands policy

23rd December 2019

Property and casualty insurer The Hartford will no longer insure or invest in companies that generate more than 25% of their revenues from thermal coal mining or more than 25% of their energy production from coal. In addition, the company will also stop insuring and investing in companies that generate more ... Read the full article

The Hartford expands cyber services via new partnerships

19th December 2019

Property and casualty insurer The Hartford has expanded its range of cyber services with two new partnerships that will help detect digital risk exposure on the dark web and safeguard business infrastructure. Firstly, Terbium Labs will provide The Hartford’s customers with a preview of exposure across the dark web, allowing them ... Read the full article

The Hartford adds Sean Genden as international insurance head

13th December 2019

The Hartford has added Sean Genden as head of international insurance, effective December 16. Genden joins from Travelers Insurance having most recently served as international business insurance segment lead. Other roles at Travelers included Chief Executive Officer of their Lloyd’s managing agency, and CEO of the UK domiciled insurance company. He will be ... Read the full article

The Hartford enhances Internet of Things Innovation Lab

28th November 2019

Property and casualty insurer The Hartford has expanded its Internet of Things (IoT) Innovation lab and capabilities to improve workplace safety and help reduce property damage. The company utilises network-connected devices in businesses and homes to reduce and mitigate hazards such as unsafe working conditions or water damage from broken pipes. For ... Read the full article

The Hartford posts strong Q3 results, net income up 21%

5th November 2019

Property and casualty insurer The Hartford has posted strong financial results for the third quarter, with net income up 21% against the prior year quarter at $524 million. This is the first full quarter with Navigators, which The Hartford acquired recently in an all-cash transaction valued at $2.1 billion. Chairman and ... Read the full article

The Hartford promotes Scott to lead role within northeast division

10th July 2019

Property and Casualty (P&C) insurer the Hartford has named Matt Scott as Head of the northeast division for the firm’s large commercial insurance business. Scott joined in 1997 and has held a number of leadership positions with the company’s Claims organisation. Most recently, he was head of the Hartford’s Claims Solutions organisation ... Read the full article

The Hartford partners with Mimecast on cyber awareness training course

31st May 2019

Property and casualty (P&C) insurer The Hartford has partnered with email and data security firm Mimecast in order to bolster knowledge and foresight around the inherent risks of cyber. The service, named Mimecast Awareness Training, is designed to help its customers reduce the risk of a cyber incident before it occurs. The ... Read the full article

The Hartford completes Navigators takeover

23rd May 2019

The Hartford has closed its previously announced acquisition of The Navigators Group, Inc. for a total price of $2.2 billion in cash, including expenses. The deal, announced in August of 2018, expands The Hartford's product offerings and geographical footprint. Navigators has 22 locations across the U.S. and eight globally, and has roughly ... Read the full article

Hartford buying ADC for Navigators from Berkshire Hathaway

2nd May 2019

The Hartford has announced that it plans to buy $300 million of adverse development cover (ADC) from Berkshire Hathaway to protect it against unfavourable loss reserve movement at The Navigators Group, which The Hartford is in the process of acquiring. Subject to the closing of its acquisition this summer, The Hartford ... Read the full article

The Hartford launches Global Insurer Network

28th March 2019

Property and casualty (P&C) insurer The Hartford has announced the launch of The Hartford Global Insurer Network, a new, directly-managed network of insurance partners that's backed by an international technology platform. The launch sees The Hartford enhance its multinational capabilities, and through the network the P&C insurer will offer insurance protection ... Read the full article

The Hartford reveals new operating model for Navigators businesses

5th February 2019

Property and casualty insurer The Hartford has announced a new operating model and organisational structure for its specialty commercial and middle market businesses following the completion of its pending acquisition of The Navigators Group. The new model will integrate Navigators’ operations, as well as The Hartford’s current Specialty Commercial and Middle ... Read the full article

The Hartford estimates Q4 cat & wildfire losses of up to $365m

5th December 2018

Property and casualty insurer The Hartford is anticipating a post-tax, fourth quarter net catastrophe hit of between $350 million and $365 million, a figure which includes the Camp and Woolsey fires in California as well as hurricane Michael. In reaction to this loss announcement, equity analysts at Credit Suisse ... Read the full article

The Hartford acquires specialist MGU Y-Risk

4th December 2018

Property and casualty insurer the Hartford has announced the purchase of Y-Risk, a managing general underwriter (MGU), from Allstar Financial Group. Y-Risk offers products for the sharing and on-demand economy, with tailor-made coverages and usage-based pricing for commercial auto, general liability, property, inland marine, cyber and professional liability. The firm delivers its ... Read the full article

The Hartford announces $2.1 billion acquisition of Navigators

22nd August 2018

The Hartford has agreed to acquire all the outstanding common shares of The Navigators Group, Inc., in an all-cash transaction valued at $2.1 billion, or $70 per share. The Board of Directors of both companies have approved the deal, but it remains subject to approval by the shareholders of Navigators and ... Read the full article

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