Monday, May 04, 2009
The Hartford Confirms It May Sell or Close Some Units As It Bolsters Finances
The Hartford, reporting a quarterly loss of $1.2 billion Thursday, confirmed it might sell or discontinue various businesses and said it's curtailing sales in major markets abroad as it strives to bolster its financial position.
Although The Hartford Financial Services Group has refused comment on reports it is seeking bids for its property-casualty insurance operations — the stronger side of its business — its disclosures Thursday make clear that a break-up of the 199-year-old company is a possibility.
The Hartford Confirms It May Sell or Close Some Units As It Bolsters Finances
Source: Hartford Courant
Although The Hartford Financial Services Group has refused comment on reports it is seeking bids for its property-casualty insurance operations — the stronger side of its business — its disclosures Thursday make clear that a break-up of the 199-year-old company is a possibility.
The Hartford Confirms It May Sell or Close Some Units As It Bolsters Finances
Source: Hartford Courant
Permalink posted by armandn @ 11:49 AM 
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