NU Online News Service, Feb. 1, 2005, 1:07 p.m. EST
A leader in the U.S. and Japanese variable annuity markets has announced plans to sell similar products in Europe.[@@]
The company, Hartford Financial Services Group Inc., Hartford, is setting up a new U.K. subsidiary, Hartford Life Ltd., Dublin, that will start by selling “unit-linked” bonds in the United Kingdom.
Unit-linked bonds are similar to the variable annuities sold in the United States.