The Hartford has announced the launch of its new credit and political risk insurance products that are designed to help corporations, financial institutions and private equity firms with international exposures manage their credit and political risks.
Operating in emerging markets can bring a number of political risks, such as acts of expropriation or confiscation of assets by a foreign government, that are not typically covered under a companys global insurance policies, said Jared Kotler, head of The Hartfords credit and political risk insurance (CPRI) practice. Expanding our product capabilities to include credit and political risk insurance helps The Hartford better meet the holistic needs of its customers operating globally. These customized insurance solutions can help ensure that our clients have the appropriate insurance policies in place to adequately protect their business interests around the world.
The Hartfords political risk insurance policy helps corporations and private equity firms with global operations protect their investments and assets overseas from various political risks, such as expropriation, political violence, currency inconvertibility and breach of contract.
The Hartfords credit insurance policy is designed for financial institutions that are engaged in trade and export finance to help manage their overall global exposure. Through this product, these financial institutions could obtain regulatory capital relief for the insured portion of their exposure.
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Learn more about these new products, which are available through brokers.
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. 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 2017 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.
This document outlines in general terms the coverages that may be afforded under a policy from The Hartford. All policies must be examined carefully to determine suitability for your needs and to identify any exclusions, limitations or any other terms and conditions that may specifically affect coverage. In the event of a conflict, the terms and conditions of the policy prevail. All coverages described in this document may be offered by one or more of the property and casualty insurance company subsidiaries of The Hartford Financial Services Group, Inc. Coverage may not be available in all locations or to all businesses.
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