Business Services Industry
The Hartford Names Sean Fitzpatrick Senior Vice President of Middle Market Insurance Segment
Business Wire, May 21, 2008
HARTFORD, Conn. -- The Hartford Financial Services Group, Inc. (NYSE: HIG), one of the nation's leading diversified financial services companies, announced that it has appointed Sean M. Fitzpatrick to the position of senior vice president of its Middle Market insurance segment. In his new role, Fitzpatrick will be responsible for managing all of The Hartford's Middle Market commercial lines businesses that provide a variety of insurance products and services to businesses and other organizations, such as educational institutions, that have annual revenues in excess of $15 million or annual payroll greater than $5 million.
Middle Market is one of the four segments of The Hartford's property-casualty operations, which also includes Personal Lines insurance, Small Commercial insurance and Specialty Commercial insurance. In 2007, The Hartford's Middle Market segment reported net written premiums of more than $2.25 billion. As one of the nation's leading insurers for businesses large and small, The Hartford serves approximately 25,000 business customers in the Middle Market segment with products such as workers' compensation, property, automobile, liability, umbrella and marine coverages, as well as commercial risk management products and services.
"Sean Fitzpatrick has compiled an exceptional record of achievement in the insurance industry and is ideally suited to lead a group that helps our larger customers across America meet the challenges of a complex and ever-changing risk environment," said Neal Wolin, president and chief operating officer of property-casualty operations. "Sean's more than twenty year career in insurance, ranging from handling complex claims and coverage matters to underwriting and field leadership, positions The Hartford well to grow profitably in this key area as a well-managed, customer-focused organization and underscores our commitment to success in the middle market."
Fitzpatrick joined The Hartford in 2007 as senior vice president of Strategic Business Development, overseeing overall P&C strategy, as well as a range of business development, merger & acquisition, innovation and process improvement activities. He replaces Stephanie Bush, who is leaving The Hartford after a 20-year career at the company. Kevin Sanborn, the vice president of strategic initiatives for The Hartford's property-casualty operations, will assume Fitzpatrick's former duties on an interim basis until his replacement is named.
Prior to joining The Hartford, Fitzpatrick held positions of increasing responsibility with the Chubb Group of Insurance Companies. His tenure at Chubb included leading the development of a number of industry-focused businesses, managing one of Chubb's largest regional offices, and serving as chief underwriting officer of the company's specialty division, Chubb Specialty Insurance.
Fitzpatrick received a J.D. from Harvard Law School and a B.A. from Amherst College. He resides in Simsbury, Conn. with his wife, Candace, and two children.
About The Hartford
The Hartford, a Fortune 100 company, is one of the nation's largest diversified financial services companies, with 2007 revenues of $25.9 billion. The Hartford is a leading provider of investment products, life insurance and group benefits; automobile and homeowners products; and business property and casualty insurance. International operations are located in Japan, the United Kingdom, Canada, Brazil and Ireland. The Hartford's Internet address is www.thehartford.com.
HIG-PC
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 Quarterly Reports on Form 10-Q, our 2007 Annual Report on Form 10-K 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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