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09.09.2009 | 23:19
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Business Wire · Mehr Nachrichten von Business Wire

The Hartford Introduces Hartford Life Distributors To Drive Growth Of Investment And Retirement Products

Newly combined sales and distribution organization will drive consistency, enhance collaboration, align resources and improve the customer experience

The Hartford Financial Services Group, Inc., (NYSE: HIG), announced today the formation of Hartford Life Distributors (HLD), a newly combined sales and distribution organization for its investment and retirement products. This new structure will increase the firm’s focus on its distribution partners while enhancing the overall experience for financial advisors and their clients.

Hartford Life Distributors brings together the internal and external sales units, marketing and sales support teams, strategic relationship management groups and business development areas that support The Hartford’s mutual funds, annuities, 401k plans and 529 college savings program. These businesses represent $25 billion in deposits for the twelve months ended June 30, 2009 and are supported by a field sales force of 240 professionals. Through this combination, the firm expects to achieve greater alignment and consistency across its sales, marketing and service teams while continuing to leverage its product specialist capabilities to support specific customer needs within each of these distinct markets.

The Hartford has appointed Kevin Connor, 49, to lead HLD. In a newly expanded role, Connor will oversee all aspects of HLD, including internal and external sales and sales support, marketing, strategic relationship management and business development. Connor, an executive vice president, most recently led marketing, relationship management and business development for investment and retirement products. A life insurance industry veteran, he has held several important leadership positions with The Hartford in a nearly 30 year career focused on sales and distribution management within the retirement arena.

“Hartford Life Distributors is a major step toward accomplishing our goal of providing investment and retirement solutions that are both transparent and easy for our customers to use. It further enhances our focus on the needs of our distribution partners and our customers,” said Jim Davey, executive vice president and director of The Hartford’s investment and retirement division. “With the creation of HLD and the appointment of Kevin Connor, we have the right products, structure and leadership to accelerate growth in this very important business area for The Hartford.”

About The Hartford

Celebrating nearly 200 years, The Hartford (NYSE: HIG) is an insurance-based financial services company that serves households, businesses and employees by helping to protect their assets and income from risks, and by managing wealth and retirement needs. A Fortune 500 company, The Hartford is recognized widely for its service expertise and as one of the world’s most ethical companies. More information on the company and its financial performance is available at www.thehartford.com.

HIG-L

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 2008 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.

Contacts:

The Hartford
Tim Benedict, 860-843-5150
timothy.benedict@hartfordlife.com
or
David Potter, 860-843-8993
david.potter@hartfordlife.com


© 2009 Business Wire

Link: http://www.finanznachrichten.de/nachrichten-2009-09/14908462-the-hartford-introduces-hartford-life-distributors-to-drive-growth-of-investment-and-retirement-products-004.htm