Hartford Shareholder: Announce P/C Spinoff, Run Off of Variable Annuity Business in April
By Meg Green | |
A.M. Best Company, Inc. |
"No one is saying do a spin-off today," Paulson said in a
Paulson & Co. Inc., which owns 8.5% of
It's an argument Paulson has made before, most recently in a February letter to
"A spinoff of P&C would unlock significant value," Paulson said in the presentation on file with the
Paulson suggested placing
During the second quarter of 2011,
In that statement,
"While there are challenges to successfully executing a separation, we welcome Paulson's views and look forward to continued dialogue with him and other shareholders,"
In a
The main reason for
While multiline insurers were common 20 years ago, almost all U.S. multilines other than
Members of the
Shares of
(By
Copyright: | (c) 2012 A.M. Best Company, Inc. |
Wordcount: | 694 |
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News