NU Online News Service, Jan. 9, 2004, 4:20 p.m. EST – Fitch Ratings, Chicago, has increased the insurer financial strength rating of Hartford Life Group Insurance to AA, from A.[@@]
Hartford Life Group Insurance is the new name for the old group benefits business of CNA Financial Corp., Chicago. CNA recently completed selling the business to Hartford Financial Services Group Inc., Hartford.
Fitch says it raised the group insurance unit’s rating because it believes the unit now is a core member of Hartford’s life insurance operations and should have the same rating as other major Hartford life subsidiaries.