The Hartford Names Douglas G. Elliot President Of Commercial Markets

HARTFORD, Conn.--(BUSINESS WIRE)-- The Hartford Financial Services Group, Inc. (NYSE:HIG) today announced that Douglas G. Elliot, 50, will join the company as president of Commercial Markets on April 6. Elliot will report to Liam E. McGee, chairman, president and chief executive officer of The Hartford.

The Hartford Financial Services Group, Inc. today announced that Douglas G. Elliot, 50, will join the company as president of Commercial Markets on April 6. Elliot will report to Liam E. McGee, chairman, president and chief executive officer of The Hartford. (Photo: Business Wire)

“Doug brings a strong combination of commercial property and casualty insurance experience, industry knowledge, and business and financial acumen to this important role at The Hartford,” said McGee. “We are charging Doug with driving profitable growth in Commercial Markets and bringing the full power of our One Hartford approach to bear in the markets where we compete. He is an excellent leader with a proven track record, and I am pleased to welcome him to the team.”

“In addition, I want to thank Andy Pinkes for serving as acting head of Commercial Markets and for ensuring the consistent performance of the business. He did an outstanding job executing the strategy and leading the group, and I look forward to his continued contributions to The Hartford,” added McGee.

Elliot is currently president and chief executive officer of HSB Group, Inc., commonly referred to as Hartford Steam Boiler and a subsidiary of Munich Re, and president of Specialty Insurance. Previously, Elliot was a senior advisor with Aspen Insurance Holdings, a global reinsurer and specialty line insurer. He began his career in the public accounting field before joining Travelers in 1987. At Travelers, he advanced through a series of positions of increasing responsibility. In 2002, he became chief operating officer for Travelers Property-Casualty and in 2004 he was named chief executive officer of General Commercial and Personal Lines for St. Paul Travelers Companies, following the merger of those companies.

“For many years I have admired The Hartford for its exceptional people, enviable agent and partner relationships, and strong market positions,” said Elliot. “I am excited to be joining the team and helping to drive the execution of the company’s strategy and delivering value to our stakeholders.”

Elliot holds a bachelor’s degree in accounting from the University of Connecticut and is a graduate of the Wharton School of Business insurance executive program. He currently is on the boards of Hartford Hospital, the UConn Foundation and the American Insurance Association. In addition, he serves on the executive board and is past chairperson of the MetroHartford Alliance IFS Cluster and is a past board member of the MetroHartford Alliance, as well as past chairperson of the Central and Northeastern Connecticut United Way Campaign.

ABOUT THE HARTFORD

Celebrating 200 years of helping its customers achieve what’s ahead, The Hartford (NYSE: HIG) is an insurance and wealth management company. Through its unique focus on customer needs, the company serves businesses and consumers by providing the products and solutions they need to protect their assets and income from risks and manage their wealth and retirement needs. A Fortune 100 company, The Hartford is recognized widely for its service expertise and as one of the world's most ethical companies. More information on the company and its financial performance is available at www.thehartford.com.

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Some of the statements in this release may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. We caution investors that these forward-looking statements are not guarantees of future performance, and actual results may differ materially. Investors should consider the important risks and uncertainties that may cause actual results to differ. These important risks and uncertainties include those discussed in our Annual Report for fiscal year 2010 on Form 10-K and the other filings we make with the Securities and Exchange Commission. We assume no obligation to update this release, which speaks as of the date issued.

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The Hartford
Media Contacts:Shannon Lapierre, 860-547-5624
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orDavid Snowden, 860-547-3397
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or
Investor Contacts:Rick Costello, 860-547-4840
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orRyan Greenier, 860-547-8844
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Source: The Hartford Financial Services Group, Inc.