Things are starting to look up for The Hartford. One month removed from a changing of the guard that saw long-time CEO Ramani Ayer retire and ex-Bank of America President Liam McGee take his place, the new CEO said the insurer's Q3 results—a net loss of $220 million—is a sign the company is "emerging from the challenges of the last 18 months."
When compared to a net loss at this time last year of $2.63 billion, The Hartford, which posted $2.75 billion in losses in 2008, required $3.4 billion in TARP bailout funds to right the ship.
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