Investor Group Acquires Connecticut’s Talcott Resolution from The Hartford

Talcott Resolution, The Hartford’s run-off life and annuity businesses, has been acquired by an investor group led by Cornell Capital LLC, Atlas Merchant Capital LLC, TRB Advisors LP, Global Atlantic Financial Group, Pine Brook and J. Safra Group.

Although Talcott Resolution is no longer affiliated with The Hartford Financial Services Group Inc. or any of its subsidiaries, The Hartford will retain a 9.7 percent ownership interest in Talcott Resolution.

Talcott Resolution will now be an independent, stand-alone insurance company headquartered in Windsor, Conn., with an office in Woodbury, Minn. As part of the transaction, approximately 375 employees of The Hartford are now employees of Talcott Resolution.

Бизнес партнерство и бизнес-идеи

After closing, the company expects to reinsure approximately $9 billion of its fixed annuity, payout annuity and structured settlement businesses with a subsidiary of Global Atlantic Financial Group.

Source: Talcott Resolution

Was this article valuable?

Yes
No

Thank you! Please tell us what we can do to improve this article.

Submit
No Thanks

Thank you! % of people found this article valuable. Please tell us what you liked about it.

Submit
No Thanks

Here are more articles you may enjoy.

IMF Urges China to Accelerate Opening of Economy to Outside World

How to Succeed in Today’s Small Business Insurance Market

Tesla Settles Class Action Over ‘Inoperable’ Autopilot Features

You Know Insurance. Why Aren’t You Teaching it?

Source