The Hartford Launches Energy Practice; Names Ric Pena Energy VP
April 12 2016 - 8:50AM
Business Wire
The Hartford has launched a dedicated energy practice to provide
specialized underwriting, insurance coverage and risk management
services for energy companies. The formation of the energy practice
supports The Hartford’s focus on broadening and deepening its
commercial insurance expertise and capabilities to serve key
industry sectors.
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Ric Pena, The Hartford (Photo: Business
Wire)
“The energy sector is an important contributor to the overall
economy and an industry with complex risks requiring specialized
expertise,” said David Carter, executive vice president of The
Hartford’s Middle Market business. “Our energy practice will bring
together deep industry experience and capabilities in underwriting,
risk engineering and claims management to provide tailored
solutions for these businesses.”
To help lead the company’s overall strategy for the energy
industry, The Hartford has named Ric Pena vice president of its
energy practice, reporting to Tom Boudreau, head of construction
and energy insurance.
Pena joins The Hartford from Zurich, where he served as the U.S.
head of its Energy Casualty business unit. He brings more than 25
years of underwriting, sales and national leadership experience to
his role.
Pena will lead development of The Hartford’s overall
underwriting approach for the energy sector, as well as specific
products, services and distribution plans, working closely with The
Hartford’s agent and broker partners who specialize in the energy
sector. The Hartford’s initial focus will include businesses
involved in the power and utilities industries and expanding its
capabilities for renewable energy companies.
“Ric’s knowledge of the energy sector and his strong
relationships with agents and brokers will be instrumental as we
develop our comprehensive, tailored approach to this market,” said
Boudreau.
Agents and brokers who would like to learn more about The
Hartford’s specialized capabilities for the energy industry can
contact Pena at Ric.pena@thehartford.com. He will be based in The
Hartford’s Southwest Regional office in Frisco, Texas.
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20160412005901/en/
Media Contacts:The HartfordPamela Rekow,
860-547-8990pamela.rekow@thehartford.comorTom Hambrick,
860-547-9746thomas.hambrick@thehartford.com
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