Teams with AXA Corporate Solutions to offer local policies in up to 150 countries
The
Hartford has expanded its insurance
capabilities for the international risks of U.S. businesses and has
teamed with AXA Corporate Solutions to offer local insurance coverage in
up to 150 countries through AXA Corporate Solutions’ international
network.
“As more U.S. companies pursue global growth opportunities, we continue
to expand The Hartford’s capabilities, expertise and geographic reach to
be our customers’ first choice for comprehensive global insurance
protection,” said David
Carter, executive vice president of The Hartford’s Middle Market
business. “This alliance with AXA Corporate Solutions builds on our
existing international capabilities with local coverage and risk
expertise where our customers need it.”
In 2015, 21 percent of U.S. midsize businesses engaged in international
activities, according to The
Hartford’s 2015 Midsize Business Monitor. The number is expected
to grow in 2016 when 42 percent of midsize businesses are at least
somewhat likely to engage in activities outside the U.S. and 23 percent
are very likely to do so, according to The Hartford survey.
“We are very pleased to bring the strength and reach of our network to
support the global insurance needs of The Hartford’s customers,” said
Rob Brown, chief executive officer at AXA Corporate Solutions.
Comprehensive Insurance for Global Risks
The Hartford recently expanded its International Choice portfolio of
insurance products and services for U.S. businesses with global
operations or activities. Specific products, which are typically written
in conjunction with U.S. domestic insurance from The Hartford, include:
-
The Hartford Exporters Package Policy, which is designed for
U.S. businesses that are engaged in international commerce but do not
have permanent employees or physical worksites overseas.
-
The Hartford’s new Master Policy, which is
designed for U.S. businesses that have a physical presence in one or
more locations abroad.
The Hartford’s new Controlled
Master Program, which packages The Hartford’s Master Policy with
local policies offered through AXA Corporate Solutions’ network in a
single coordinated insurance program for a U.S. company’s
international risks. The Master Policy and Controlled Master Program
will be available later in 2016.
“Global business dealings can bring a wide range of risks,” said Joe
Coray, vice president of The Hartford’s international practice. “Agents
and brokers play a critical role in helping business leaders understand
the challenges they may face and the specific insurance coverages that
can help them protect their business interests in the U.S. and abroad.”
To learn more about The Hartford’s comprehensive insurance solutions for
international risks, visit www.thehartford.com/global.
About AXA Corporate Solutions
AXA Corporate Solutions delivers superior client solutions with its
1,500 employees and a network spanning up to 150 countries. It is the
AXA Group company dedicated to providing risk management and insurance
solutions to large cap corporate companies. More information on the
company and its financial performance is available at www.axa-corporatesolutions.com.
Follow us on Twitter at www.twitter.com/AXA_CS.
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
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issued.
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