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 […]
US Department of Labor Announces Insurance Claim Apprenticeship Program at The Hartford
The U.S. Department of Labor announced that The Hartford welcomed the first cohort of apprentices to its newly launched insurance apprenticeship program at a ceremony in Hartford, Conn. Part of the U.S. Department of Labor’s ApprenticeshipUSA program, The Hartford is partnering with the Connecticut Department of Labor, Arizona Department of Economic Security, Capital Community College […]
The Hartford Launches Apprenticeship Program to Prepare Students for Careers in Insurance Claims
The Hartford has partnered with the Connecticut Department of Labor, Arizona Department of Economic Security and local community colleges to launch an insurance apprenticeship program. The Hartford’s apprenticeship program will offer an insurance-specific curriculum, paid on-the-job training and mentoring to equip students for key customer-facing roles in The Hartford’s claims operation. The program is registered […]