The Hartford

The ratings agency has also lowered the ICR of The Hartford subsidiary.

Insurance stocks hurtled upwards on a Biden victory and bullish vaccine news.

Bob Gulino has worked at the carrier for over two decades.

Premia will use the entity as a platform for legacy deals in the continental European insurance market.

Mini-MDLs will be established for some lawsuits brought against Arch, United Specialty and Society Insurance.

A judge has decided that the lawsuit should remain in Texas state court.

The federal body ordered Lloyd’s, Cincinnati Insurance, The Hartford and Society Insurance to demonstrate why the cases should not be consolidated on an insurer-by-insurer basis.

The Hartford is looking to shave 2-2.5 points off its P&C expense ratio and 1.5 points off its group benefits expense base.

A program dubbed Hartford Next is expected to start immediately with $120mn of investments required to achieve the savings over the next two quarters.

The Connecticut-headquartered insurer also took a hit from $138mn in wind and hail claims during the quarter.

The insurer is set to return around $80mn to customers under the scheme.

William Steinberg was senior vice president and commercial property head at the AIG unit.