The Hartford Launches Energy Practice; Names Ric Pena Energy VP

HARTFORD, Conn.--(BUSINESS WIRE)-- The Hartford has launched a dedicated energy practice to provide specialized underwriting, insurance coverage and risk management services for energy companies. The formation of the energy practice supports The Hartford’s focus on broadening and deepening its commercial insurance expertise and capabilities to serve key industry sectors.

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Ric Pena, The Hartford (Photo: Business Wire)

“The energy sector is an important contributor to the overall economy and an industry with complex risks requiring specialized expertise,” said David Carter, executive vice president of The Hartford’s Middle Market business. “Our energy practice will bring together deep industry experience and capabilities in underwriting, risk engineering and claims management to provide tailored solutions for these businesses.”

To help lead the company’s overall strategy for the energy industry, The Hartford has named Ric Pena vice president of its energy practice, reporting to Tom Boudreau, head of construction and energy insurance.

Pena joins The Hartford from Zurich, where he served as the U.S. head of its Energy Casualty business unit. He brings more than 25 years of underwriting, sales and national leadership experience to his role.

Pena will lead development of The Hartford’s overall underwriting approach for the energy sector, as well as specific products, services and distribution plans, working closely with The Hartford’s agent and broker partners who specialize in the energy sector. The Hartford’s initial focus will include businesses involved in the power and utilities industries and expanding its capabilities for renewable energy companies.

“Ric’s knowledge of the energy sector and his strong relationships with agents and brokers will be instrumental as we develop our comprehensive, tailored approach to this market,” said Boudreau.

Agents and brokers who would like to learn more about The Hartford’s specialized capabilities for the energy industry can contact Pena at [email protected]. He will be based in The Hartford’s Southwest Regional office in Frisco, Texas.

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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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 2015 Annual Report on Form 10-K, subsequent Quarterly Reports on Forms 10-Q, 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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Media Contacts:

The Hartford

Pamela Rekow, 860-547-8990

[email protected]

or

Tom Hambrick, 860-547-9746

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Source: The Hartford