Pru to Pay $615 Million for Hartford Individual Life Unit
Prudential will re-insure about 700,000 Hartford policies that provide $135 billion in coverage.
The Hartford to Exit Retirement-Plans Biz
The Hartford Financial Services Group agreed to sell its Retirement Plans business to Massachusetts Mutual Life Insurance Co. for $400 million in early September.
The Hartford Sells Retirement Plans Unit to MassMutual in $400 Million Deal
The agreement marks the second of three planned business sales, says Chairman, President and CEO Liam McGee.
AIG Advisor Group Buys Woodbury Financial
The wait is over. AIG and The Hartford announced Tuesday evening that the insurance giants had signed a definitive agreement to make Woodbury Financial Services part of AIG’s Advisor Group
The Hartford Sells VA Business to Forethought
The Hartford has sold its variable annuity marketing business as part of its effort to reduce its role in the life insurance business.
Hedge-Fund Big Paulson Eyes Hartford Breakup
After a bad year in hedge funds, John Paulson has stepped forward as a shareholder activist to force the insurance company into a breakup.
The Hartford Reports Increased Income, AUM for Q3
The Hartford reported Tuesday third quarter income of $666 million, up from a loss of $220 million one year ago.
Connecticut Taps The Hartford to Launch Advisor-Sold 529 Plan
Connecticut Treasurer Denise Nappier announced Wednesday that, after a competitive bid process, she has selected The Hartford Financial Services Group to launch and manage CHET Advisor, a new advisor-sold 529 college savings program for state residents.
BofA Hires Sallie Krawcheck; Agrees to Pay Fine of $33 Million
A federal judge has delayed a decision to approve Bank of America's $33 million settlement with the SEC over its failure to disclose to shareholders...
BofA Hires Sallie Krawcheck; Agrees to Pay Fine of $33 Mil.
Bank of America announced that Krawcheck, a veteran of Citigroup Smith Barney, will join as head of BofA's global wealth and investment management group.