The Hartford Expands Capabilities For U.S. Companies With Global Operations

By a News Reporter-Staff News Editor at Investment Weekly News -- The Hartford has expanded its insurance capabilities for the international risks of U.S. businesses and has teamed with AXA Corporate Solutions to offer local insurance coverage in up to 150 countries through AXA Corporate Solutions' international network.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20160407005839/en/ The Hartford's 2015 Midsize Business Monitor: International Activities (Graphic: Business Wire) "As more U.S. companies pursue global growth opportunities, we continue to expand The Hartford's capabilities, expertise and geographic reach to be our customers' first choice for comprehensive global insurance protection," said David Carter, executive vice president of The Hartford's Middle Market business. "This alliance with AXA Corporate Solutions builds on our existing international capabilities with local coverage and risk expertise where our customers need it."

In 2015, 21 percent of U.S. midsize businesses engaged in international activities, according to The Hartford's 2015 Midsize Business Monitor. The number is expected to grow in 2016 when 42 percent of midsize businesses are at least somewhat likely to engage in activities outside the U.S. and 23 percent are very likely to do so, according to The Hartford survey.

"We are very pleased to bring the strength and reach of our network to support the global insurance needs of The Hartford's customers," said Rob Brown, chief executive officer at AXA Corporate Solutions. Comprehensive Insurance for Global Risks The Hartford recently expanded its International Choice portfolio of insurance products and services for U.S. businesses with global operations or activities. Specific products, which are typically written in conjunction with U.S. domestic insurance from The Hartford, include: The Hartford Exporters Package Policy, which is designed for U.S. businesses that are engaged in international commerce but do not have permanent employees or physical worksites overseas. The Hartford's new Master Policy, which is designed for U.S. businesses that have a physical presence in one or more locations abroad.The Hartford's new Controlled Master Program, which packages The Hartford's Master Policy with local policies offered through AXA Corporate Solutions' network in a single coordinated insurance program for a U.S. company's international risks. The Master Policy and Controlled Master Program will be available later in 2016.

"Global business dealings can bring a wide range of risks," said Joe Coray, vice president of The Hartford's international practice. "Agents and brokers play a critical role in helping business leaders understand the challenges they may face and the specific insurance coverages that can help them protect their business interests in the U.S. and abroad."

To learn more about The Hartford's comprehensive insurance solutions for international risks, visit www.thehartford.com/global. About AXA Corporate Solutions AXA Corporate Solutions delivers superior client solutions with its 1,500 employees and a network spanning up to 150 countries. It is the AXA Group company dedicated to providing risk management and insurance solutions to large cap corporate companies. More information on the company and its financial performance is available at www.axa-corporatesolutions.com. Follow us on Twitter at www.twitter.com/AXA_CS. About The Hartford With more than 200 years of expertise, The Hartford (NYSE: HIG) is a leader in property and casualty insurance, group benefits and mutual funds. The company is widely recognized for its service excellence, sustainability practices, trust and integrity. More information on the company and its financial performance is available at www.thehartford.com. Join us on Facebook at www.facebook.com/TheHartford. Follow us on Twitter at www.twitter.com/TheHartford.

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