Tuesday, February 14, 2012

Breaking News: The Hartford Pressured to Split Up

Insurance Journal Breaking News
February 14, 2012

Breaking News Alert

The Hartford’s Biggest Stakeholder Wants to Split Up the Firm

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The Hartford Financial Services Group's biggest stakeholder is not happy with its stock price and wants The Hartford CEO Liam McGee to do "something drastic," including splitting up the company's life insurance and P/C businesses.

Speaking at the company's earnings call last week, John Paulson, the billionaire hedge fund manager who controls the largest stake in The Hartford, told CEO McGee he needs to reverse the insurer's continuing stock slide.

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