Reinsurance News
The Hartford
The Hartford names William Steinberg head of wholesale property, Navigators
18th June 2020
Property and casualty insurer The Hartford has appointed William Steinberg as head of wholesale property for Navigators, a brand of the company. In his new role, Steinberg reports to Vince Tizzio, head of the Global Specialty business at The Hartford, and will partner closely with Tim Ryan, who leads the Wholesale ... Read the full article
WTW and The Hartford partner on captive solution for the middle market
10th June 2020
Global re/insurance broker Willis Towers Watson (WTW) has launched a group captive solution for upper middle market companies, called the Homestead Insurance Company Incorporated Cell. The new captive solution is set to reinsure The Hartford, which in turn will issue admitted insurance policies to members selected for this group program. According to ... Read the full article
The Hartford income drops 57% as COVID-19 hits investments
30th April 2020
Property and casualty insurer The Hartford has reported a 57% decrease in net income during the first quarter of 2020, primarily due to the impact of the coronavirus (COVID-19) pandemic on its investment portfolio. Net income came to $268 million in Q1, compared with $625 million for the same period last ... Read the full article
The Hartford adds former Allstate exec Matt Winter to board
24th February 2020
Property and casualty insurer The Hartford has announced the appointment of Matt Winter to its board of directors, effective February 24. Winter is also set to join the board’s finance, investment and risk management committee on the same date, while on May 20 he will join the compensation and management development ... Read the full article
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
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