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The Hartford Financial Services Group Inc Agrees To Sell U.K. Variable Annuity Business To Berkshire Hathaway

Thursday, 27 Jun 2013 06:30am EDT 

The Hartford Financial Services Group Inc announced that it has signed a definitive agreement to sell its subsidiary, Hartford Life International Limited (HLIL), in a cash transaction to Columbia Insurance Company, a Berkshire Hathaway company, for approximately $285 million. At closing, HLIL's sole asset will be its subsidiary, Hartford Life Limited (HLL), a Dublin-based company that sold variable annuities in the U.K. from 2005 to 2009. 

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