News: Hartford Financial Services Group Inc (HIG.N)

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Fri, Aug 29 2014

Fitch Affirms and Withdraws Hartford's Ratings

(The following statement was released by the rating agency) CHICAGO, August 29 (Fitch) Fitch Ratings has affirmed and withdrawn Hartford Financial Services Group, Inc.'s (HFSG) holding company ratings as well as the Insurer Financial Strength (IFS) ratings of HSFG's insurance subsidiaries. Fitch has withdrawn the ratings for commercial reasons. A full list of rating actions follows at the end of this release. KEY RATING DRIVERS The rating affirmation and Stable Rating Outlook reflect HFSG's

Fitch Comments on Hartford's Announcement of Agreement to Sell Its Japan Unit

(The following statement was released by the rating agency) CHICAGO, April 28 (Fitch) Hartford Financial Services Group, Inc. (HFSG) announced this morning that it has reached a definitive agreement to sell Hartford Life Insurance K.K. (HLIKK) to a subsidiary of Orix Corporation, a publicly held international financial services organization based in Tokyo, Japan, for consideration of approximately $895 million. HLIKK houses HFSG's Japan annuity operations, the sale of which will, with the e

UPDATE 1-Japan's Orix agrees to buy Hartford Japan unit for $895M

* Orix to book one-time gain of Y30 bln as negative goodwill for 2014/15

Japan's Orix agrees to buy Hartford Japan unit for $895 million

TOKYO, April 28 - Japan's financial company Orix Corp said on Monday it has agreed to buy Hartford Financial Services Group's Japanese life insurance unit for $895 million in a bid to expand its life insurance business in the world's third-largest economy.

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