Citigroup closes $8.7B sale of Japanese brokerage Oct 1, 2009
Life insurer The Hartford Financial Services Group Inc. on Tuesday named Liam E. McGee, the former head of consumer banking at Bank of America, as its new chairman and CEO.. The 55-year-old McGee succeeds Ramani Ayer, who announced his plans to retire this summer. (Fresno Bee -- Business)
New Hartford looks to eliminate business park review panel Sep 30, 2009
The boundaries became an issue this spring when it came to light that the Business Park's sole occupant, the $25 million Hartford Financial Services Group building, was not within the park under the 1999 code's map. Adler praised the changes. (Utica NY Obserer, NY)
Woodbury Financial Services names new CEO Sep 26, 2009
Woodbury Financial Services, a subsidiary of The Hartford Financial Services Group Inc. in Hartford, Conn. ranked third on the Business Journal s 2009 Top 25 list of securities broker-dealer firms with revenue of $264 million. (Twin Cities Business Journal, MN)
Lawyer brings political experience, skill as a mediator to his new post Sep 25, 2009
Those companies are Hartford Financial Services Group, an insurance and investment company; Rayonier Inc., an international forest products company; and Cedar Shopping Centers, a real estate trust that invests in shopping centers anchored by supermarkets and discount drug stores. Most of Kirk s board compensation came from Hartford Financial, which paid him more than $250,000 last year. (Boston Globe)
Kennedy loyalist tapped assuccessor Sep 25, 2009
He has also held several board positions, including at Hartford Financial Services, which sells life and property insurance. Kirk pledged to resign all of his current board seats. (MSNBC -- Politics)
Editorial: A disappointing Senate appointment Sep 25, 2009
He is the longest-serving board member of Hartford Financial Services, the parent company of one of the nation's largest insurance companies, drawing more than $250,000 in compensation last year, and worked as a lobbyist for pharmaceutical firms as recently as 2002. With health insurance reform at the top of the Senate's agenda, those conflicts are not the kind of baggage anyone should bring to Congress. (Wakefield Daily Item, MA)
Former DNC head Kirk tapped to replace Kennedy Sep 25, 2009
"Kirk, 71, is a Boston attorney who also has been a registered lobbyist for pharmaceutical companies. He said Thursday he would resign from his board positions, including at Hartford Financial Services, known colloquially as "The Hartford. " It sells life and property insurance.Early in his career, he spent eight years on the senator's staff. He was master of ceremonies last month for a memorial service the evening before Kennedy's funeral.Kennedy died Aug. 25 after a yearlong battle with brain... (Seacoast New Hampshire)
Paul Kirk, Jr.: Kennedy's Possible Replacement Sep 24, 2009
Is a member of the board of directors at The Hartford Financial Services Group, Inc.. Runs a Boston-area business consulting firm, Kirk iates. (Time.com)
Santander, Verisk, Omeros May Make $9 Billion IPO Week Sep 22, 2009
All the shares in the Verisk IPO are being sold by Verisk's existing shareholders, which include insurance companies American International Group Inc , The Hartford Financial Services Group , ACE Group Holdings and Warren Buffett's Berkshire Hathaway Inc. 1. (ABC News -- Wire)
Treasury Lending Report Sees Another Decline Sep 16, 2009
Hartford Financial Services Group Inc. posted the biggest percentage gain, a jump of 50 percent, but the total new loan originations were just $3 million. The other two institutions with gains in loan originations were American Express Co., where new loan originations rose by 17 percent, to $1. (ABC News -- Wire)
Market Winners & Losers: Office Depot, Monsanto Sep 11, 2009
Hartford Financial Services Group Inc. (HIG) Positive words from the companys CEO helped the investment firm rise 8. 7. (Fox News)
$1 Billion Fraud Case Against AIG Dismissed Aug 22, 2009
Also pending before Gettleman is AIG's counterclaim against Liberty Mutual, Hartford Financial Services and Travelers (among others), which claims that AIG's rivals also misled regulators. Gettleman ordered the parties to appear on Sept. 4 for a hearing on the Safeco case and other matters involving the litigation against AIG.. (Law.com)
Benmosche Accepts AIG Challenge After Friend Says U.S. Turning Socialist Aug 22, 2009
The judge didnt rule on the councils claim that AIG had underpaid the workers compensation funds for more than three decades, or on an AIG allegation from 2008 that its rivals, including Liberty Mutual Group Inc., Hartford Financial Services Group Inc. and , had also duped regulators. Vigorous Pursuit. (Bloomberg)
Wall Street Stimulus Buoys Continental Airlines, Prudential, Goldman Sachs Aug 17, 2009
Thats allowed Prudential, Hartford Financial Services Group Inc. and others to reverse some of the declines. Prudential, which reported a $1. (Bloomberg -- US)
Man spotted riding bicycle with gator on shoulders Aug 13, 2009
The Hartford Financial Services Group, Inc. today announced that Robert Ingram has been named senior vice president and chief information officer (CIO) of its property and casualty operations information technology (IT) organization. Ingram will report to Brian OConnell, The Hartfords enterprise CIO.. (Fresno Bee)
Allianz Second-Quarter Net Income Falls 16%, Less Than Analysts Estimated Aug 8, 2009
The capital injection into U.S. insurer Hartford Financial Services Group Inc. led to a 242 million-euro gain in the quarter. Axa, Europes No. 2 insurer, reported a 39 percent drop in first-half profit this week, while Italys Assicurazioni Generali SpA said second-quarter net income fell 27 percent. (Bloomberg -- Germany)
Business park concerns still adding up Aug 2, 2009
First came the discovery that the $25 million Hartford Financial Services Group building was built outside of the park s boundaries and shouldn t have been reviewed by a special panel set up to oversee the park s planning. Two more proposed buildings a Hampton Inn and Suites and an office building for Costello Eye Physicians and Surgeons also are outside the panel s official domain. (Utica NY Obserer, NY)
Hartford Financial Posts 2Q Loss Jul 30, 2009
Hartford Financial Services Group Inc. said Wednesday that it lost $15 million in the second quarter, weighed down by losses on investments and a decline in premiums. For the period ended June 30, the Hartford, Conn. (ABC News -- Wire)
Insurer posts smallest loss in a year Jul 30, 2009
NEW YORK - Hartford Financial Services Group, an insurer that took $3. 4 billion in federal aid, posted its smallest loss in a year and beat analysts estimates as a stock market rally eased the cost of protecting savers from asset declines. (Boston Globe)
SEC alleges five illegally profited from Safeco deal Jul 16, 2009
then a financial analyst at a subsidiary of The Hartford Financial Services Group, tipped his nephew Carl E. Binette of Ludlow, Mass. after he learned at work that Safeco was an acquisition target. (Puget Sound Business Journal, WA)
Catching up with the Last 9 Survivo... Jul 11, 2009
He now works as an insurance salesman for The Hartford Financial Services Group, and continues to reside in New York with his wife and children. He used his million dollar winnings to fund college savings for his three kids and to make home repairs. (Suite101.com)
Lincoln National Injects $1 Billion Into Insurance Unit After Taking TARP Jul 11, 2009
Lincoln follows Hartford Financial Services Group Inc. in taking bailout cash as larger rivals MetLife Inc. and Prudential Financial Inc. shunned aid. American International Group Inc., which sells life and property-casualty coverage, was saved by four federal bailouts in the last year. (Bloomberg -- US)
DOT's Plan, Commuters' Thoughts On Conn. Rails Jul 6, 2009
DOT's Plan, Commuters' Thoughts On Conn. DOT's Plan, Commuters' Thoughts On Conn. (FOX61, CT)
The Hartford not in parks boundaries Jun 28, 2009
The $25 million Hartford Financial Services Group building, the centerpiece of the New Hartford Business Park, isn t located within the boundaries initially set out by the town for the park ... Representatives of The Hartford Financial Services Group declined to comment on the record for this story. (Utica NY Obserer, NY)
The Hartford Completes Acquisition of Federal Trust Bank Jun 25, 2009
June 24 /PRNewswire/ -- Federal Trust Bank announced today that it has been acquired by The Hartford Financial Services Group, Inc. ... Said Dennis T. Ward, President and Chief Executive Officer of Federal Trust Bank, "we are pleased to be part of The Hartford Financial Services Group Inc, a 200 year old company recognized as one of the most ethical companies in the world. The additional capital provided by The Hartford supports the long term financial viability of our institution for our... (PR Newswire)
Little-known panel OK'd Hartford building Jun 21, 2009
A virtually unknown town committee approved the development and construction of The Hartford Financial Services building in recent years, in a process that skirted traditional Planning Board approvals. There was no public notice of meetings related to the building at the New Hartford Business Park. (Utica NY Obserer, NY)
Sun Life to Buy U.K. Business of Lincoln National for About $319 Million Jun 16, 2009
The insurer was in talks earlier this year to buy most of Hartford Financial Services Group Inc.s life insurance unit, according to people with knowledge of the matter. The transaction, which includes clients in life insurance, pensions and annuities, will double Sun Lifes U.K. policies to 1. (Bloomberg -- Canada)
Lincoln Financial will take bailout money, sell U.K. unit Jun 16, 2009
Hartford Financial Services Group is taking up to $3. 4 billion; the other four companies have declined to accept TARP funds. (USA Today -- Money)
Mississippi conservatives need not apply Jun 16, 2009
Hartford Financial Services Group s shares fell Friday after the big property and life insurer said it would take as much as $3. 4 billion of federal bailout money and sell up to $750 million of common stock to bolster capital after large losses on investments. (Atlanta Journal-Constitution -- Opinion)
Component Changes Made to Dow Jones Sector Titans Indexes Jun 5, 2009
Dow Jones Insurance Titans 30 Index Country Company / Symbol(s) Add/Delete United States Hartford Financial Services Group Inc. Delete (HIG) United States Lincoln National Corp. (LNC) Delete Canada Power Corp. of Canada (POW.T) Add Finland Sampo Oyj Series A (SAMAS.HE) Add The free-float market capitalization of the reconstituted Dow Jones Insurance Titans 30 Index increased to US$532 billion from US$524 billion. Dow Jones Media Titans 30 Index Country Company / Symbol(s) Add/Delete United... (Primezone Releases)
Hartford CEO retiring in December Jun 5, 2009
NEW YORK - Ramani Ayer, the chief executive officer who presided over Hartford Financial Services Group Inc.'s most difficult year in two centuries, will step down from running the money-losing insurer by the end of December. The board will begin an external search for a replacement for Ayer, 62, the Hartford-based insurer said yesterday. (Boston Globe)
Prudential Passes on TARP Funding; to Issue Stock Jun 2, 2009
The other insurers included Hartford Financial Services Group Inc., Allstate Corp., Lincoln National Corp., Ameriprise Financial Inc. and Principal Financial Group Inc.. Both Allstate and Ameriprise have already declined to accept the funds. (ABC News -- Business)
Prudential Latest Insurer to Decline TARP Funds Jun 2, 2009
So far, only Hartford Financial Services Group Inc. (HIG) and Lincoln National Corp. (LNC) have said they are inclined to take the offer. Hartford expects to receive $3. (SmartMoney)
Today's hottest alerts include: HIG, AA, KO, MGM, LVS, Q May 23, 2009
Today's focused alerts include: Hartford Financial Services Group Inc (NYSE:), ALCOA Inc (NYSE:), The Coca Cola Co (NYSE:), MGM Mirage (NYSE:), Las Vegas Sands Corp (NYSE:), Qwest Communications Intl Inc (NYSE:). UnrealStocks. (PR Newswire)
Insurers Get US Investment Approval May 17, 2009
The Hartford Financial Services Group Inc. was the first to disclose that it had been notified by the Treasury Department that it was eligible for $3. 4 billion from the Troubled Asset Relief Program, or TARP. Lincoln National, Allstate, Ameriprise Financial, Principal Financial Group and Prudential Financial are the other five. (13WMAZ.com, GA)
Stocks Extend Week's Losses May 17, 2009
Among the companies, the Hartford Financial Services Group Inc. said it is eligible for $3. 4 billion from the Troubled Asset Relief Program, or TARP, while Lincoln National Corp. said it has been initially approved for a $2. (San Francisco Chronicle -- Business)
6 life insurers qualify for bailout... May 16, 2009
Treasury Department spokesman Andrew Williams said Allstate, Ameriprise Financial, Hartford Financial Services Group Inc., Lincoln National Corp., Principal Financial and Prudential Financial Inc. have qualified for TARP money. "These life insurers met the requirements for the Capital Purchase Program because of their bank holding company status and each applied for CPP capital investments by the deadline of November 14, 2008," Williams said. (CNN -- Law)
In the News: Cash for insurers May 16, 2009
The Hartford Financial Services Group said it's eligible for $3. 4 billion from the Troubled Asset Relief Program, and Lincoln Financial Group said it can get $2. (San Francisco Chronicle -- Business)
YRC Worldwide, AIG, Blockbuster Are Big Movers May 16, 2009
Hartford Financial Services Group Inc., down 15 cents at $14. 60. (ABC News -- Wire)
Six insurers approved for bailout funds May 16, 2009
The Hartford Financial Services Group (NYSE: HIG) issued a statement Thursday night, saying it has been approved for up to $3. 4 billion from the Treasury s capital purchase program. (South Florida Business Journal, FL)
Insurers OK'd for federal asset-relief funds May 16, 2009
The Hartford Financial Services Group Inc. said Thursday that it had been notified by the Treasury Department that it was eligible for $3. 4 billion from the Troubled Asset Relief Program, or TARP.. (Courier-Journal -- Business)
FOXBusiness: Life Insurers Get OK for TARP Funds May 15, 2009
The Hartford Financial Services Group (HIG) announced Thursday that it has been given preliminary approval to receive $3. 4 billion from TARPs Capital Purchase Program, while Lincoln National (LNC) announced it is set to receive $2. (Fox News)
Insurers poised to get Treasury funds May 15, 2009
LOS ANGELES - Insurers including Hartford Financial Services Group, , and have received preliminary approval to get billions of dollars from the government's financial industry rescue program ... Hartford Financial Services Group Inc. said separately yesterday that it was approved for a $3. (Boston Globe)
Nooyi, 2 other Indians in best US CEOs list May 8, 2009
Ramani Ayer, who heads the Hartford Financial Services Group is 3rd in the life insurance segment. Also Read. (India Times)
US stocks rise after mixed economic, earnings news May 2, 2009
The Hartford Financial Services Group Inc. and MetLife Inc. both posted losses for the first quarter. The Hartford fell 91 cents, or 7. (The Star Online, Malaysia)
Wall Street rises slightly on upbeat economic data May 2, 2009
In corporate news, two insurers -- the Hartford Financial Services Group Inc. and MetLife Inc. -- posted losses for the first quarter late Thursday. And MasterCard Inc. tumbled as a stronger dollar and a decrease in credit card spending weighed on results. (Xinhuanet, China)
The Hartford Financial Posts 1Q Loss May 1, 2009
The Hartford Financial Services Group Inc. on Thursday posted a $1. 2 billion first-quarter loss, and said it is suspending sales of annuities in Japan and the U.K. and halting plans to sell the products in Germany in a move to cut costs. (ABC News -- Wire)
MetLife Won't Take TARP Money, Eyes Stress Test Apr 14, 2009
Rivals such as Hartford Financial Services Group Inc and Prudential Financial Inc have won holding company status as lenders, qualifying them for TARP. Both lost money in last year's second half while MetLife was profitable. Many companies that got TARP money have complained about the program, including the government's unilateral ability to impose new rules on aid recipients, such as on executive pay. (ABC News -- Wire)
Treasury to offer limited aid to insurers Apr 9, 2009
Shares of Hartford Financial Services Group Inc., which spiked 35 percent to $11. 40 minutes after the market opened, closed at $9. (MSNBC -- Business)
Insurers rise on report that some may be covered by TARP Apr 9, 2009
Shares of Hartford Financial Services Group, which spiked 35% to $11. 40 minutes after the market opened, closed at $9. (USA Today -- Money)
Panel guts bill restricting elderly drivers Apr 9, 2009
Try the approach developed by Hartford Financial Services Group and the MIT AgeLab. Details are at. (News & Observer)
Next bailout: Life insurance gets lifeline from taxpayers Apr 9, 2009
Companies that met this qualification and sought funds as reported by McClatchy on Oct. 24 include the Hartford Financial Services Group and Lincoln National. Prudential Financial already owned a thrift and has also applied for taxpayer funds. (Yahoo News -- Politics)
Stocks see biggest monthly rally since 1994 Mar 27, 2009
The other stocks among the top five rally winners are all former basket cases: , , Genworth Financial Inc., and Hartford Financial Services. Even shares have doubled in value since March 9. (Boston Globe)
Obama nominates deputy at the Treasury Department Mar 24, 2009
Before that he was president and chief operating officer for casualty operations at The Hartford Financial Services Group. During President Bill Clinton's administration, Wolin worked as National Security Council lawyer, assistant to the national security adviser and a Treasury Department lawyer. (USA Today -- Money)
St. Elizabeth to open urgent care facility Mar 20, 2009
4 million purchase of the building formerly leased by The Hartford Financial Services Group on Middle Settlement Road earlier this year. It currently is awaiting state Health Department approval of a certificate of need application. (Utica NY Obserer, NY)
Pandit: Citi operating at profit through February Mar 11, 2009
Shares of Hartford Financial Services Group Inc. rose $1. 09, or 26. (The Star Online, Malaysia)
Canadian Stocks Fall as Royal Bank, Barrick Decline; Suncor Energy Gains Mar 10, 2009
which reportedly is in talks to buy a unit of Hartford Financial Services Group Inc., retreated 4. 3 percent to C$15. (Bloomberg -- Canada)
Worries about failure drag down policy owners Mar 5, 2009
Prudential Financial Inc., Hartford Financial Services Group Inc., Principal Financial Group Inc., Lincoln National Corp., and Conseco Inc. saw their cushions shrink. If the markets and economy keep deteriorating, analysts say, life insurers' troubles could escalate to where they will require billions in federal money. (AZCentral -- Business)
Life insurers lost billions in '08 Mar 5, 2009
Prudential Financial Inc., Hartford Financial Services Group Inc., Principal Financial Group Inc., Lincoln National Corp., and Conseco Inc. all saw their cash cushions shrink amid the stock market's turmoil. Their stocks have plunged by more than half since Jan. 1. (Insight on the News)
Hartford reportedly in talks to sell life unit Mar 5, 2009
CHARLOTTE, N.C. Hartford Financial Services Group Inc. shares rose Wednesday after a published report said the insurer may be looking to sell one of its units. Shares rose 51 cents, or 11 percent, to close at $5. (Republican-American)
ROAD HAZARD: Uninsured driver rates climb Mar 2, 2009
Inc., Hartford Financial Services Group Inc.. . (Orangeburg Times and Democrat, SC)
Months in, insurers ask whether U.S. aid is on its way Feb 27, 2009
A number of insurers have suffered declines in their credit ratings this month, including MetLife, Prudential Financial, Principal Financial and Hartford Financial Services. Others, like Lincoln National and Genworth Financial, are being reviewed with an eye toward downgrades. (International Herald Tribune -- Business)
Aflac Will Write Down Hybrid Securities This Year After Ratings Downgrades Feb 21, 2009
Aflac did a better job sidestepping losses on commercial mortgage-backed securities than insurers Hartford Financial Services Group Inc. and Principal Financial Group Inc., said , an analyst at UBS AG, in a note to investors today. To contact the reporter on this story: in New York at. (Bloomberg -- Japan)
BofA and Citi Shares Fall on Nationalization Fear Feb 20, 2009
In addition, insurance companies' stocks plummeted -- led by Hartford Financial Services Group -- as declining stock and bond market values added to concerns about weakening investment portfolios and capital positions. "When you talk about nationalization you hear the names Citi and Bank of America as the top two names burning out," said Walter Todd, a portfolio manager at Greenwood Capital Associates, which holds shares of Bank of America. (ABC News -- Wire)
Dow slips below November lows as shareholders bail on banks Feb 20, 2009
It is definitely, definitely a blow to psychology, said Quincy Krosby, chief investment strategist at Hartford Financial Services Group Inc. There is more pessimism in the market as to when the economy is going to pick up steam. . (Globe and Mail)
