The Hartford Signs Agreement To Sell Individual Annuity New Business Capabilities
The Hartford has signed an agreement with Forethought, a Houston-based privately held diversified financial services company, under which Forethought will purchase The Hartford’s Individual Annuity new business capabilities, consisting of the product management, distribution and marketing units, as well as the suite of products currently being sold.
Fitch Raises Hartford's Ratings
Fitch raised Hartford's long-term issuer default rating and debt ratings on outstanding senior notes, junior subordinated debentures and series F preferred stock.
Hartford selling facilities for new annuity sales
The Hartford is getting out of the annuities business and says Forethought Financial Group Inc. will buy its units that market and manage annuities sales.
Hartford Profit Falls 81% on Hedging Losses as Yen Weakens
Hartford Financial Services Group Inc. (HIG) , the seller of life insurance and property-casualty coverage, said profit fell 81 percent on realized losses tied to hedges against a stronger yen and stock market drops.
Fitch Upgrades Hartford's Sr. Debt to 'BBB'; Outlook Stable
Fitch Ratings has upgraded the debt ratings of Hartford Financial Services Group, Inc. as follows: