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19 April 2018

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The Hartford nears decision on Talcott sale

Adam McNestrie and David Bull 15 March 2017

The Hartford is preparing to take a decision on whether to dispose of its $4.4bn variable annuity business Talcott Resolution and reposition itself as a non-life insurer, after final bids for the unit were submitted late last month, The Insurance Insider understands.

Sources told this publication that final-round bidders for the variable annuity run-off book included Resolution, which has backing from private equity titan Blackstone; Bob Diamond's Atlas Merchant Capital; and Wilton Re, which is owned by the Canada Pension...

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