HARTFORD, Conn.–(BUSINESS WIRE)–The
Hartford has received all regulatory approvals necessary for the
closing of its acquisition of The Navigators Group, Inc. (NASDAQ:NAVG),
a global specialty underwriter. The company expects the transaction to
be effective on May 23.
“We are pleased to have received the necessary regulatory approvals for
our acquisition of Navigators,” said The Hartford’s Chairman and CEO
Christopher Swift. “This acquisition is a significant milestone for our
company and accelerates the achievement of key strategic objectives. We
are excited about the growth opportunities this transaction provides as
we expand our product offerings and global reach.”
About The Hartford
The Hartford is a leader in property and casualty insurance, group
benefits and mutual funds. With more than 200 years of expertise, The
Hartford is widely recognized for its service excellence, sustainability
practices, trust and integrity. More information on the company and its
financial performance is available at https://www.thehartford.com.
Follow us on Twitter at www.twitter.com/TheHartford_PR.
The Hartford Financial Services Group, Inc., (NYSE: HIG) operates
through its subsidiaries under the brand name, The Hartford, and is
headquartered in Hartford, Conn. For additional details, please read The
Hartford’s legal notice.
Some of the statements in this release may be considered forward-looking
statements as defined in the Private Securities Litigation Reform Act of
1995. These include statements about the expected effective date of the
acquisition of The Navigators Group, Inc. and the impact of the
acquisition on The Hartford’s strategic objectives and growth
opportunities. We caution investors that these forward-looking
statements are not guarantees of future performance, and actual results
may differ materially. Investors should consider the important risks and
uncertainties that may cause actual results to differ. These important
risks and uncertainties include those discussed in our 2018 Annual
Report on Form 10-K, subsequent Quarterly Reports on Forms 10-Q, and the
other filings we make with the Securities and Exchange Commission. We
assume no obligation to update this release, which speaks as of the date
From time to time, The Hartford may use its website to disseminate
material company information. Financial and other important information
regarding The Hartford is routinely accessible through and posted on our
website at https://ir.thehartford.com.
In addition, you may automatically receive email alerts and other
information about The Hartford when you enroll your email address by
visiting the “Email Alerts” section at https://ir.thehartford.com.
Sabra Purtill, CFA