Headquarters of The Hartford in Hartford, Connecticut
Doug Elliot, who has been with The Hartford for more than 11 years, will retire as the company's president at the end of December.
Doug Elliot
Elliot led the integration of The Navigators Group in 2019 and the creation of two businesses, middle and large commercial and global specialty.
"Doug was instrumental in expanding the company's suite of products, developing industry-specific verticals within our property-casualty business and elevating our underwriting excellence," said The Hartford's Chairman and CEO Christopher Swift, in a statement. "We sincerely thank Doug for his strong leadership and steadfast determination in transforming The Hartford over the past decade. The company is well positioned for profitable growth in the years ahead as we build on our momentum to best serve all stakeholders."
The company plans to realign some of its leadership positions in November in preparation for Elliot leaving.
Elliot said in a statement: "I am honored to have had the opportunity to work for this iconic and trusted brand and proud to be a part of The Hartford's esteemed history. Today, we have the right mix of talent, suite of products and capabilities to succeed. I have great confidence in the deep experience of The Hartford's leaders and look forward to seeing them continue to compete and win in the marketplace."
Allstate Corp. will end its years-long pause on underwriting in California as soon as the state regulator adopts proposed regulatory changes to make it easier for insurers to raise rates, according to a company spokesperson.
The Net Zero Insurance Alliance will instead be replaced by the Forum for Insurance Transition to Net Zero (FIT), convened and led by the United Nations Environment Programme, according to a statement on Thursday.
The Jackson, Mississippi, company will use proceeds from the sale of its Fisher Brown Bottrell Insurance unit to restructure its investment portfolio, moving $1.6 billion of low-yield securities off the balance sheet.
