Hartford Financial Services Group Inc., the insurer that’s been focusing on property-casualty coverage, is near a deal to sell Japan operations to Orix Corp., according to two people with knowledge of their talks.
Hartford Financial Services Group Inc., the insurer that 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.
Chubb Corp., which mocked rivals for receiving federal aid during the 2007-2009 financial crisis, is leading the largest publicly traded U.S. insurance firms by producing the highest risk-adjusted return.
John Paulson, who controls the biggest stake of Hartford Financial Services Group Inc., held a call with analysts covering the insurer as he increases pressure on Chief Executive Officer Liam McGee to break up the company.
Hartford Financial Services Group Inc., the insurance company pruning operations after an activist investor urged it to split up last year, hired Deutsche Bank AG to seek a buyer for its Japanese business, people with knowledge of the matter said.
Jay Wintrob, the head of American International Group Inc.’s life insurance business, said the bailed-out firm could consider bidding on units that Hartford Financial Services Group Inc. is seeking to divest.