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News Breaks
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February 8, 2012
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| 14:15 EDT |  | HIG |
| theflyonthewall.com: | Hartford Financial says separation of life, P&C units would create difficulties | | Hatford Financial said that it would have difficulty maintaining competitive ratings if it separated its life insurance and P&C companies while allocating $6.8B in holding company debt. The company made the statements in a presentation slide this morning. In the event of a separation, the P&C companies would have to assume at least two-thirds of the debt, and could potentially have to take dilute deleveraging action in order to retain their "A" ratings, explained Hartfod. Furthermore, regulators could condition their approval of a spin-off on the companies making capital contributions, or executing keepwell agreements among themselves. In addition, a significant portion of the life insurance companies' deferred tax assets could have to be written off, The Hartford added. :theflyonthewall.com |
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May 17, 2012
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| 16:32 EDT | | HIG |
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May 15, 2012
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| 13:02 EDT |  | HIG |
| | 07:31 EDT |  | HIG |
| | 07:09 EDT |  | HIG |
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May 14, 2012
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| 16:50 EDT | | HIG |
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