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1 Month : From May 2019 to Jun 2019
Purchase expands The Hartford’s product offerings and geographic reach
Hartford’s acquisition of The Navigators Group, Inc., a global
specialty underwriter, was effective earlier today for $70 a share, for
a total price of $2.2 billion in cash, including expenses.
“Today, we welcome more than 800 Navigators employees across the globe
to The Hartford,” said The Hartford’s President Doug Elliot. “Our
combined capabilities and shared commitment to underwriting excellence
enable The Hartford to offer a more diversified array of products
through a broader distribution network, with an expanded geographic
As announced in February, The Hartford’s former Specialty Commercial and
Middle Market businesses, along with Navigators operations, are now
aligned around two new market-facing businesses – Middle & Large
Commercial and Global Specialty. Middle & Large Commercial will focus on
delivering workers’ compensation, general liability, auto liability,
property insurance, and umbrella to midsize and large businesses through
retail agents and brokers. Global Specialty will provide a comprehensive
selection of specialty products through retail and wholesale channels.
Together, these businesses will enable our distribution partners to
provide the specialized solutions they need to help their clients manage
The combined property and casualty business, both in the U.S. and
internationally, will be marketed under The Hartford brand. Reinsurance
and U.S. wholesale businesses will be marketed as “Navigators, a brand
of The Hartford”. The company will transition to the new branding
convention over time.
For additional information related to the closing of the acquisition of
The Navigators Group, Inc., see The Hartford’s Current Report on Form
8-K filed with the Securities and Exchange Commission today.
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.
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
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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