The Hartford
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The insurance company is opposing the Scouts’ bid to move the case to a local county court. -
The insurance group has also struck a retrospective reinsurance deal with Berkshire Hathaway.
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The companies expect to close the merger “as soon as reasonably practicable”.
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Pricing in property and casualty (P&C) lines is generally on the upswing, the president of The Hartford said.
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The Hartford has paid some $91mn before tax for the $300mn aggregate treaty.
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The result was driven in part by higher group benefits and lower corporate losses.
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The new per occurrence treaty provides protection for catastrophes other than named storms and earthquakes.
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The companies continue to pursue a change of control to complete the merger as promptly as possible.
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Kelly Kinzer joins and Kathleen Kelly is promoted at Zurich North America while Lori Montoya arrives at The Hartford.
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The executive will depart when the deal closes at the end of the second quarter.
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The CEO will remain in a consulting role for three months after deal completion.
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The carrier has appointed GC Securities to advise on a transaction as it looks to protect its downside.
