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April 25, 2014
10:18 EDTHIGHartford unit terminates reinsurance agreement with White River
Hartford Life and Annuity Insurance disclosed that it terminated its reinsurance agreement with White River Life Reinsurance. As a result, the company expects to recognize a gain of approximately $215M resulting from the termination of derivatives associated with the reinsurance transaction. In addition, the company expects to receive a capital contribution of approximately $1B from its ultimate parent, The Hartford Financial Services Group (HIG), in support of this transaction as the economics related to HLAI's business are no longer reinsured to WRR. This capital contribution will be funded by WRR paying off the $655 surplus note and returning approximately $345 in capital to The Hartford. Effective March 3, The Hartford made Hartford Life and Accident Insurance Company the single nationwide underwriting company for its Group Benefits business by capitalizing HLA to support the Group Benefits business and separating it from the legal entities that support The Hartford's Talcott Resolution operating segment. In connection with this effort, HLAI and the company paid a dividend of $800M to HLA, and all of the issued and outstanding equity of the company was distributed from HLA to Hartford Life.
News For HIG From The Last 14 Days
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August 20, 2015
10:28 EDTHIGOptions with decreasing implied volatility
Options with decreasing implied volatility: KING JCP URBN DKS JWN HIG ADI DAR LOW TJX
August 18, 2015
16:00 EDTHIGOptions Update; August 18, 2015
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August 17, 2015
10:55 EDTHIGOptions with increasing implied volatility
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06:04 EDTHIGHartford Financial implied volatility of 38 at upper end of index
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August 14, 2015
05:47 EDTHIGStocks with implied volatility movement; HIG SYY
Stocks with implied volatility movement; Hartford Financial (HIG) 38, Sysco (SYY) 28 according to iVolatility.
August 13, 2015
12:24 EDTHIGHartford Financial August weekly 49 straddle priced for 6% movement
11:45 EDTHIGOptions with increasing volume
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11:20 EDTHIGHartford Financial calls active on takeover speculation
Hartford Financial August 48 and 48.5 calls are active on total call volume of 12K contracts (4K puts) on takeover speculation. August weekly call option implied volatility is at 105, August is at 67, September is at 40; compared to its 52-week range of 13 to 43. Active call volume suggests traders taking positions for upside price movement.
11:03 EDTHIGHartford Financial spike attributed to takeover speculation
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10:45 EDTHIGRumor: Hartford Financial strength attributed to takeover speculation

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