The Hartford has appointed Stephen Deane chief claims officer effective Nov. 6. Deane will report directly to John Kinney, head of Claims and Operations, and will be a member of The Hartford’s executive leadership team. He succeeds Mary Nasenbenny, who will retire at the end of 2023. The Hartford is the 17 largest private passenger […]
The Hartford’s Stefanie Zacchera Reelected HLDI Board Chair for 2023
Stefanie Zacchera, vice president of personal lines data and analytics at The Hartford, will serve another year as chair of the Highway Loss Data Institute’s Board of Directors. Zacchera was reelected to the position after serving as chair in 2022. “It’s been an honor to serve as chair over the past year, and I am […]
The Hartford’s Stefanie Zacchera Elected HLDI Board Chair
The Highway Loss Data Institute (HLDI) announced the election of Stefanie Zacchera as chair of its Board of Directors. Zacchera is vice president of personal lines data and analytics at The Hartford. She succeeds Kathleen Ores Walsh, vice president of pricing and product analytics at USAA. Ores Walsh remains a member of the Board. “HLDI’s […]
Hartford Rejects Additional Takeover Offers from Chubb Group
Board of Directors rejects two more Chubb proposals. The Hartford Financial Services Group Inc. (NYSE: HIG) today announced the receipt of two additional unsolicited proposals from Chubb Limited (NYSE: CB) to acquire the company. According to Hartford, it received a letter dated March 30, where Chubb said it was prepared to offer “in excess of […]
Chubb Responds to Hartford Rejection of Acquisition Offer
Chubb Limited (NYSE: CB) today issued a statement in response to the recent statement from the board of Hartford Financial Services Group Inc. (NYSE:HIG) rejecting Chubb’s acquisition offer for the insurer. According to Chubb, “As demonstrated by our industry-leading returns and underwriting performance, we have created an unsurpassed franchise in the insurance industry and its […]
The Hartford Board Rejects Chubb Acquisition Proposal
The Hartford (NYSE:HIG) today announced that its board of directors, after consultation with its financial and legal advisors, has unanimously rejected Chubb Limited’s March 11, unsolicited proposal to acquire The Hartford and determined that entering into discussions regarding a strategic transaction would not be in the best interests of the company and its shareholders. The […]
Chubb Limited Proposes to Acquire The Hartford
Chubb Limited (NYSE:CB) and The Hartford (NYSE:HIG) confirmed that Chubb made an unsolicited offer to acquire the company. The Hartford was the 20th largest private passenger automobile insurer in the U.S. with over $2 billion premiums written in 2019 and the 12th largest commercial auto insurer with over $775 million in premiums written. Chubb is […]
Tractable Announces Partnership with The Hartford for AI Claims Processing
A day after announcing a partnership with Mitchell International to incorporate its Tractable artificial intelligence (AI) technology into Mitchell Intelligent Estimating, the company announced that The Hartford, the 20th largest provider of private passenger automobile insurance in the U.S., is using Tractable’s AI solution to analyze auto damage in the U.S. Tractable uses computer vision […]
The Hartford Announces Student Loan Repayment Plan for Employees
The Hartford announced a new student loan repayment program to help its employees pay down up to $10,000 in student debt. According to a recent study by Experian, student loan debt in the United States reached an all-time high in the first quarter of 2019 totaling $1.4 trillion, with an average student loan debt per […]
Hartford Acquires Commercial Independent Agent Business Of Foremost Insurance
The Hartford announced it has entered into a renewal rights agreement with the Farmers Exchanges to acquire its Foremost-branded small commercial business sold through independent agents. The Hartford Insurance Group was the 14th largest commercial auto insurer in the U.S. with over $603 million in direct premiums written in 2016. The Foremost-branded small commercial independent […]