The Hartford Secures Full Approval To Acquire Navigators Group
.jpg)
The Hartford has announced that it has received all regulatory approvals necessary to close its acquisition of global specialty underwriter The Navigators Group.
The company added that it expects the transaction to be effective May 23, 2019.
“We are pleased to have received the necessary regulatory approvals for our acquisition of Navigators,” commented The Hartford’s chairman and CEO Christopher Swift.
Swift added that the acquisition is a “significant milestone” for The Hartford, accelerating the company’s strategic objectives.
“We are excited about the growth opportunities this transaction provides as we expand our product offerings and global reach.”
Read more: The Hartford lands $2.1 billion cash deal to acquire Navigators
The acquisition was first announced in August last year. A previous release put the deal at around $2.1 billion, all-cash. Once the transaction closes, Navigators stockholders will receive $70 per share in cash.
Navigators president and CEO Stanley A. Galanski previously said that the deal would result in the “realization of significant value” for Navigators stockholders.
People Power: Building The Future Of Insurance One Career At A Time
The insurance industry is at a pivotal point. As emerging technologies reshape underwriting, claims processing, and cust... Read more
Private Equity's Great Divide: Is The Future Insurance-Funded Or Fee-Driven?
A fundamental shift is taking place at the top of the private equity industry. While firms like Blackstone remain commit... Read more
Japan's Next Battleground: The Insurance Sector Under Activist Pressure
Farallon’s push at T&D Holdings marks a shift in focus for activist capital targeting Japan’s untapped insurance... Read more
Cover And Conflict: Tensions Rise Between Insurers And Litigation Funders
Burford’s clash with Chubb signals a deeper rift in the legal-financial ecosystem A high-profile dispute between li... Read more
Underwater And Uninsured: How Climate Risk Is Reshaping The US Mortgage Market
As climate change intensifies, its effects are no longer confined to coastlines or news reports on extreme weather. In t... Read more
When The Raters Get Rated: What The Fitch–Kroll Feud Says About Oversight And Accountability
In a rare and unusually public confrontation between two of America’s credit rating agencies, a recent feud between Fi... Read more