The Hartford Names Jonathan Bennett Head Of Group Benefits
July 17 2019 - 9:15AM
Business Wire
Mike Concannon to retire after 24-year career with The
Hartford
The Hartford has appointed Jonathan Bennett to head Group
Benefits, effective Aug. 5. He succeeds Mike Concannon, who is
retiring after a 24-year career with The Hartford. Bennett will
report to The Hartford’s Chairman and CEO Christopher Swift.
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Jonathan Bennett (Photo: Business
Wire)
“Jonathan is a trusted financial and strategic executive whose
extensive knowledge of the company and discerning insight have made
him successful in a variety of roles during his 20-plus years with
The Hartford,” Swift said. “Jonathan is able to draw from a
multi-faceted career that includes head of Personal Lines and Small
Commercial, as well as other leadership positions in finance, data
and analytics, digital commerce and strategic ventures. We have
great confidence in Jonathan and the Group Benefits team, and we
look forward to their continued success.”
Swift added, “We thank Mike for his many significant
contributions to The Hartford. Under his leadership, Group Benefits
has consistently delivered year-over-year earnings growth. Mike led
Group Benefits as we successfully acquired Aetna’s U.S. group life
and disability business, creating a combined $5.4 billion operation
that achieved record core earnings last year.”
Bennett will oversee a business unit that is No. 1 in group
disability and No. 4 in group life1. Most recently, Bennett has
served as the chief financial officer and head of strategy for both
Property & Casualty and Group Benefits for the past seven
years. He has held a variety of executive roles in Personal Lines,
Commercial Markets, Ventures and Digital Commerce & Customer
Analytics. Prior to joining The Hartford in 1999, Bennett held
leadership roles in Cigna’s Retirement and Individual Insurance
divisions. He also worked at Arthur Andersen LLP as an auditor and
consultant. Bennett earned a bachelor’s degree in economics from
Connecticut College and a master’s degree in accounting from the
University of Hartford.
Concannon joined The Hartford in 1995 and has held leadership
positions across the company, including Personal Lines and Sales
& Distribution. As head of Group Benefits, he strengthened the
unit’s financial performance to a market-leading position.
Concannon has been a driving force behind the company’s
long-standing conviction that people should be defined by what they
can do versus perceived limitations. This is represented in the
company’s involvement in U.S. Paralympics, Ski Spectacular and the
Ability Equipped program.
About The Hartford
The Hartford is a leader in property and casualty insurance,
group benefits and mutual funds. With more than 200 years of
expertise, The Hartford is widely recognized for its service
excellence, sustainability practices, trust and integrity. More
information on the company and its financial performance is
available at https://www.thehartford.com. Follow us on Twitter at
www.twitter.com/TheHartford_PR.
The Hartford Financial Services Group, Inc., (NYSE: HIG)
operates through its subsidiaries under the brand name, The
Hartford, and is headquartered in Hartford, Conn. For additional
details, please read The Hartford’s legal notice.
HIG-C
Some of the statements in this release may be considered
forward-looking statements as defined in the Private Securities
Litigation Reform Act of 1995. We caution investors that these
forward-looking statements are not guarantees of future
performance, and actual results may differ materially. Investors
should consider the important risks and uncertainties that may
cause actual results to differ. These important risks and
uncertainties include those discussed in our 2018 Annual Report on
Form 10-K, subsequent Quarterly Reports on Forms 10-Q, and the
other filings we make with the Securities and Exchange Commission.
We assume no obligation to update this release, which speaks as of
the date issued.
From time to time, The Hartford may use its website to
disseminate material company information. Financial and other
important information regarding The Hartford is routinely
accessible through and posted on our website at
https://ir.thehartford.com. In addition, you may automatically
receive email alerts and other information about The Hartford when
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section at https://ir.thehartford.com.
1 LIMRA Sales & Inforce, year-end 2018 Summary
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version on businesswire.com: https://www.businesswire.com/news/home/20190717005438/en/
Media Contact: Matthew Sturdevant 860-547-8664
matthew.sturdevant@thehartford.com
Investor Contact: Sabra Purtill, CFA 860-547-8691
sabra.purtill@thehartford.com
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