The Hartford Receives All Required Regulatory Approvals For Acquisition Of Navigators
May 16 2019 - 11:00AM
Business Wire
The Hartford has received all regulatory approvals necessary for
the closing of its acquisition of The Navigators Group, Inc.
(NASDAQ:NAVG), a global specialty underwriter. The company expects
the transaction to be effective on May 23.
“We are pleased to have received the necessary regulatory
approvals for our acquisition of Navigators,” said The Hartford’s
Chairman and CEO Christopher Swift. “This acquisition is a
significant milestone for our company and accelerates the
achievement of key strategic objectives. We are excited about the
growth opportunities this transaction provides as we expand our
product offerings and global reach.”
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-F, 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. These include statements about the
expected effective date of the acquisition of The Navigators Group,
Inc. and the impact of the acquisition on The Hartford’s strategic
objectives and growth opportunities. 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
you enroll your email address by visiting the “Email Alerts”
section at https://ir.thehartford.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20190516005727/en/
Media Contact:Matthew
Sturdevant860-547-8664matthew.sturdevant@thehartford.com
Investor Contact:Sabra Purtill,
CFA860-547-8691sabra.purtill@thehartford.com
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