US financial giant The Hartford is withdrawing from the UK market in terms of selling new insurance ...
US financial giant The Hartford is withdrawing from the UK market in terms of selling new insurance and investment policies. The decision was taken as a result of the continued financial turmoil, with the London-based sales and marketing operations of Hartford Life, its UK subsidiary, to close in the coming months. The group adds it will maintain its Dublin-based service operation to "honour all in-force policy guarantees". Sales of products in the UK will cease on 8 May, while reports suggest hundreds of employees will lose their jobs as a result. Hartford Life's UK business has mo...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
