by John Darer® CLU ChFC MSSC CeFT® RSP CLTC
Hartford Financial Services Group announced on December 4, 2017 that it would sell its life and annuity unit to a group of investors in a deal valued at $2.05 billion, as it looks to focus on its property and casualty businesses. Talcott Resolution the run off company for Hartford's legacy life and annuity business. including structured settlement annuities which its stopped writing in April 2012, will be acquired by an investor consortium that includes Cornell Capital, Atlas Merchant Capital LLC, TRB Advisors LP, Global Atlantic Financial Group, Pine Brook and J. Safra Group.
Talcott Resolution to be run as a standalone company
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