The Hartford Financial Services Group
The Hartford Financial Services Group, known as The Hartford, is a long-standing insurer and financial services company headquartered in Hartford, Connecticut. It serves individual and business customers in the United States and internationally, offering property and casualty insurance, group benefits, and investment products through The Hartford Funds. Its Commercial Lines segment provides workers’ compensation, property, automobile, liability, umbrella, bond, marine, livestock, and reinsurance products along with risk management services, while Personal Lines covers auto, homeowners, and personal umbrella coverages. The Property & Casualty Other Operations unit addresses asbestos and environmental exposures. The Group Benefits segment administers group life, accident and disability coverages and related services, distributed through brokers, consultants, private exchanges, and other partners. The Hartford Funds delivers investment products for retail and retirement accounts, including mutual funds and exchange-traded products, with investment-management and administrative services. Founded in 1810, the company combines insurance protection with investment and employee benefits offerings for a broad client base.
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Past deals in Connecticut
Y-Risk
Acquisition in 2018
Y-Risk LLC, established in 2015 and headquartered in Unionville, Connecticut, is a specialized insurance services provider operating as a subsidiary of Hartford STAG Ventures LLC. The company offers tailored insurance solutions, including commercial general liability, property, and inland marine coverage, along with risk management, actuarial analysis, and product development services. Y-Risk caters to diverse businesses, from those with standard exposures to sharing and on-demand companies, aiming to understand each client's unique needs and provide customized pricing plans. The company prides itself on its nimble approach to underwriting, utilizing data mining and modeling to assess risks accurately and make real-time adjustments. Y-Risk prioritizes swift turnaround times for underwriting and insurance program structuring, facilitated by its integrated insurance model.
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