The Hartford has received all regulatory approvals necessary for the closing of its acquisition of The Navigators Group, Inc. (NASDAQ:NAVG), a global specialty underwriter. The company expects the transaction to be effective on May 23.
We are pleased to have received the necessary regulatory approvals for our acquisition of Navigators, said The Hartfords Chairman and CEO Christopher Swift. This acquisition is a significant milestone for our company and accelerates the achievement of key strategic objectives. We are excited about the growth opportunities this transaction provides as we expand our product offerings and global reach.
About The Hartford
The Hartford is a leader in property and casualty insurance, group benefits and mutual funds. With more than 200 years of expertise, The Hartford is widely recognized for its service excellence, sustainability practices, trust and integrity. More information on the company and its financial performance is available at https://www.thehartford.com. Follow us on Twitter at www.twitter.com/TheHartford_PR.
The Hartford Financial Services Group, Inc., (NYSE: HIG) operates through its subsidiaries under the brand name, The Hartford, and is headquartered in Hartford, Conn. For additional details, please read The Hartfords legal notice.
Some of the statements in this release may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. These include statements about the expected effective date of the acquisition of The Navigators Group, Inc. and the impact of the acquisition on The Hartfords strategic objectives and growth opportunities. 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 2018 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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Sabra Purtill, CFA