(Bloomberg) -- Hartford Financial Services Group Inc., the insurer which rebuffed an activist’s calls to split into two companies last year, is considering a sale of a business that offered companies life insurance policies on their employees, people with knowledge of the matter said.
Hartford has held talks with investment banks about a possible sale of its corporate-owned life-insurance unit, which could fetch around $200 million, said the people, asking not to be identified because the matter is not public. The unit had policies with $37 billion in account value as of the end of March, according to company presentation.
Register or login for access to this item and much more
All Digital Insurance content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access