Tuesday, May 19, 2009

 

Hartford CEO: Will Not Sell P/C And Life Insurance Operations

Days after being approved to receive $3.4 billion through the Treasury's TARP Capital Purchase Program, Hartford Financial Services Group Inc. (HIG) announced that it will keep its U.S. property/casualty and life businesses.

The announcement, in an employee memo signed by Chief Executive Ramani Ayer, comes after months of speculation that the company was shopping its life insurance and property/casualty operations in order to bolster its faltering capital...

CNN Money: Hartford CEO: Will Not Sell P/C And Life Insurance Operations

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