Hartford board rejects unsolicited takeover offer from Chubb
March 24, 2021 by Greg MeckbachThe Hartford Financial Services Group Inc. announced Tuesday its board of directors is not in favour of a US$23 billion takeover offer from Chubb Limited. Both Chubb and Hartford own Canadian property and casualty commercial insurers. Zurich, Switzerland-based Chubb announced…
Hartford ‘carefully considering’ proposed $23-billion merger with Chubb
March 19, 2021 by Greg MeckbachChubb Limited is offering to buy The Hartford Financial Services Group Inc. for about US$23 billion. Chubb and Hartford each own property and casualty commercial insurers in Canada. Chubb is based in Zurich, Switzerland, while Hartford is based in the…
‘Growing cost’ of climate change prompts this insurer to stop covering oil sands
January 2, 2020 by Greg MeckbachThe Hartford has added its name to the list of insurers who will not write new business in Canada’s oil sands. Connecticut-based Hartford Financial Services Group Inc. announced Dec. 20 it will stop insuring companies that generate more than 25%…