International life insurer Talcott to lay off more than 100 in Hartford office

HARTFORD -- An international life insurance company with offices in Bermuda, The Cayman Islands, New York and Connecticut is laying off 100 employees at its Hartford office.

Talcott Resolution Life Inc. sent a notice to the Connecticut Department of Labor and Hartford Mayor Arunan Arulampalam Tuesday announcing that due to "a closing of certain functions in operations and IT departments," the company will lay off 103 employees by late April. The company's parent, Talcott Financial Group, moved 300 of its employees to a 52,000-square-foot space in downtown Hartford at One American Row in 2023.

In a statement to CT Insider, Talcott Financial Group said the layoffs are "intended to drive long-term operational efficiency and position us to focus on key growth areas within our business.

"We communicated these changes to all impacted employees last year in July to ensure advanced notice, and we remain committed to treating affected team members fairly and respectfully throughout this transition," the company said.

The majority of affected positions are senior service specialists and service consultants. Employees have been notified of the layoffs and that they are expected to be permanent, according to the notice.

Talcott Financial Group recently closed a deal with MetLife in which Talcott took on $10 billion in risk.