The Hartford Financial Services Group, Inc., usually known as The Hartford, is a United States-based investment and insurance company. The Hartford is a Fortune 500 company headquartered in its namesake city of Hartford, Connecticut. It was ranked 156th position in Fortune 500 in the year of 2018. The company’s earnings are divided between property-and-casualty operations, group benefits and mutual funds. The Hartford is the 12th-largest property and casualty company in the United States. They sell products primarily through a network of agents and brokers, and have also been the auto and home insurance writer for AARP members for more than 25 years.
History
The Hartford was founded in 1810 in Hartford, Connecticut. A group of local merchants gathered in a Hartford inn and, with working capital of $15,000, founded the Hartford Fire Insurance Company. The company survived some of the greatest peacetime tragedies in American history. After a huge fire destroyed New York's financial district in 1835, The Hartford's president, Eliphalet Terry, used his personal wealth to cover all of the company's damage claims. Other catastrophic events included the Chicago fire of 1871 and the 1906 San Francisco earthquake and fire. The company logo shows a male deer, which in full maturity was referred to by the medieval hunting term hart. The etymology of 'Hartford' is the ford where harts cross. The :File:HartfordCTseal.png|Seal of the City of Hartford likewise features a mature male deer.
2020: Castel Underwriting Europe B.V. has decided to acquire from The Hartford the renewal rights for a Navigators Europe book consisting mostly of Dutch naval freight, inland hull, land-based equipment and liability company.
1997: Changed name from ITT-Hartford Group, Inc. to the Hartford Financial Services Group, Inc., and also issued an IPO for its Hartford Life business under the ticker symbol “HLI.”
1995: ITT decided to streamline its operations and release some of its subsidiaries, and The Hartford became an independent entity once again, trading on the New York Stock Exchange under the symbol "HIG".
1970: The Hartford was acquired by ITT Corporation for $1.4 billion, at the time the largest corporate takeover in American history. The combined company was renamed ITT-Hartford Group, Inc.
1913: Formed the Hartford Accident and Indemnity Company to provide a wide variety of insurance coverage, including accident, automobile-liability, personal-damage, business-interruption and more.
