Hartford Financial Services Group Inc. are reportedly looking at options for ways to best reduce and isolate the risks from its annuities and life insurance business from the rest of its operations, according to this article on Bloomberg. Investment losses in recent years from their life insurance unit have caused issues at the group with […]
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Hartford Fire Insurance Co’s recently closed catastrophe bond issued by their Cayman based SPV Foundation re III Ltd. has received its rating from Standard & Poor’s. The $135m of catastrophe bond notes provide Hartford and certain subsidiaries with four years of cover against U.S. hurricanes on a per-occurrence basis.
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Hartford Fire Insurance Co. has reportedly closed its latest catastrophe bond transaction under their Foundation Re III Ltd. special purpose vehicle which is domiciled in the Cayman Islands. Bloomberg reports here that the deal closed on February 15th and secured $135m of U.S. hurricane catastrophe bond cover for Hartford and certain group companies.
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