The Hartford Reorganizes Specialty Operations in Anticipation of Navigators Acquisition Closing

February 4, 2019

The Hartford is releasing its new operating model and organizational structure set to be in place when its $2.1 billion acquisition of specialty insurer The Navigators Group closes.

Plans call for aligning Navigators’ operations, along with The Hartford’s current Specialty Commercial and Middle Market businesses, around two new market-facing businesses: Global Specialty and Middle & Large Commercial.

Both sides announced the M&A agreement in August 2018. The deal is designed to boost The Hartford’s specialty insurance and reinsurance offerings and give it a larger global reach. Pending regulatory approvals, the acquisition is expected to close in late March or April. At that point, approximately 800 Navigators employees globally will join The Hartford.

“The acquisition accelerates key strategic objectives for The Hartford by expanding our product offerings, risk appetite and geographic reach,” The Hartford’s President Doug Elliot said in prepared remarks. “This go-to-market operating model will enable us to optimize our shared commitment to underwriting excellence, innovation, and delivering value to our best-in-class distribution partners and their customers.”

The following executive changes will be made as part of the reorganization:

Source: The Hartford