The Hartford Expands Capabilities For U.S. Companies With Global Operations
April 07 2016 - 9:30AM
Business Wire
Teams with AXA Corporate Solutions to offer local policies in up
to 150 countries
The Hartford has expanded its insurance capabilities for the
international risks of U.S. businesses and has teamed with AXA
Corporate Solutions to offer local insurance coverage in up to 150
countries through AXA Corporate Solutions’ international
network.
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The Hartford's 2015 Midsize Business
Monitor: International Activities (Graphic: Business Wire)
“As more U.S. companies pursue global growth opportunities, we
continue to expand The Hartford’s capabilities, expertise and
geographic reach to be our customers’ first choice for
comprehensive global insurance protection,” said David Carter,
executive vice president of The Hartford’s Middle Market business.
“This alliance with AXA Corporate Solutions builds on our existing
international capabilities with local coverage and risk expertise
where our customers need it.”
In 2015, 21 percent of U.S. midsize businesses engaged in
international activities, according to The Hartford’s 2015 Midsize
Business Monitor. The number is expected to grow in 2016 when 42
percent of midsize businesses are at least somewhat likely to
engage in activities outside the U.S. and 23 percent are very
likely to do so, according to The Hartford survey.
“We are very pleased to bring the strength and reach of our
network to support the global insurance needs of The Hartford’s
customers,” said Rob Brown, chief executive officer at AXA
Corporate Solutions.
Comprehensive Insurance for Global Risks
The Hartford recently expanded its International Choice
portfolio of insurance products and services for U.S. businesses
with global operations or activities. Specific products, which are
typically written in conjunction with U.S. domestic insurance from
The Hartford, include:
- The Hartford Exporters Package
Policy, which is designed for U.S. businesses that are engaged
in international commerce but do not have permanent employees
or physical worksites overseas.
- The Hartford’s new
Master Policy, which is designed for U.S. businesses that
have a physical presence in one or more locations abroad.The
Hartford’s new Controlled Master Program, which
packages The Hartford’s Master Policy with local policies offered
through AXA Corporate Solutions’ network in a single coordinated
insurance program for a U.S. company’s international risks. The
Master Policy and Controlled Master Program will be available later
in 2016.
“Global business dealings can bring a wide range of risks,” said
Joe Coray, vice president of The Hartford’s international practice.
“Agents and brokers play a critical role in helping business
leaders understand the challenges they may face and the specific
insurance coverages that can help them protect their business
interests in the U.S. and abroad.”
To learn more about The Hartford’s comprehensive insurance
solutions for international risks, visit
www.thehartford.com/global.
About AXA Corporate Solutions
AXA Corporate Solutions delivers superior client solutions with
its 1,500 employees and a network spanning up to 150 countries. It
is the AXA Group company dedicated to providing risk management and
insurance solutions to large cap corporate companies. More
information on the company and its financial performance is
available at www.axa-corporatesolutions.com. Follow us on Twitter
at www.twitter.com/AXA_CS.
About The Hartford
With more than 200 years of expertise, The Hartford (NYSE: HIG)
is a leader in property and casualty insurance, group benefits and
mutual funds. The company is widely recognized for its service
excellence, sustainability practices, trust and integrity. More
information on the company and its financial performance is
available at www.thehartford.com. Join us on Facebook at
www.facebook.com/TheHartford. Follow us on Twitter at
www.twitter.com/TheHartford.
HIG-M
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 2015 Annual Report on
Form 10-K, subsequent Quarterly Reports on Forms 10-Q, 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.
From time to time, The Hartford may use its website to
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version on businesswire.com: http://www.businesswire.com/news/home/20160407005839/en/
The HartfordPamela Rekow,
860-547-8990pamela.rekow@thehartford.comorTom Hambrick,
860-547-9746Thomas.hambrick@thehartford.com
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