The Future of Insurance 2026

Hartford unveils go-to-market operating model pending Navigators acquisition

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The Hartford has unveiled a new operating model and organizational structure for its specialty commercial and middle market businesses, which will come into effect after the completion of its $2.1bn acquisition of Navigators Group.

The Specialty Commercial and Middle Market will be aligned around two new market-facing businesses, to be named Global Specialty and Middle & Large Commercial, said The Hartford.

Global Specialty will focus on offering a range of specialty products via retail and wholesale channels. Headed by Vincent Tizzio, the current president of Navigatorsโ€™ US insurance operation, the new business unit will be made of the companyโ€™s US specialty insurance and international teams.

Global Specialty will also include The Hartfordโ€™s surety and financial products businesses. On a pro forma basis, the new business unit will represent nearly $1.9bn in net written premiums.

Middle & Large Commercial, on the other hand, will include national accounts of the US insurer. Its focus will be on providing workersโ€™ compensation, general liability, auto liability and property insurance to mid-size and large businesses via brokers and retail agents.

The new business unit will include industry verticals, program and captive businesses, and umbrella, excess and high-hazard general liability offerings.

Middle & Large Commercial, which will be headed by Morris Tooker, the current head of Middle Market at The Hartford, will have nearly $2.7bn of net written premiums on a pro forma basis.

The Hartford president Doug Elliot said: โ€œWe are pleased with our progress on the integration planning and excited about our growth opportunities post-close.

โ€œThe acquisition accelerates key strategic objectives for The Hartford by expanding our product offerings, risk appetite and geographic reach. This go-to-market operating model will enable us to optimize our shared commitment to underwriting excellence, innovation and delivering value to our best-in-class distribution partners and their customers.โ€

The Hartfordโ€™s acquisition of Navigators, a global specialty underwriter, is expected to be closed in late March or April based on receipt of regulatory approval.

The US insurer, which specializes in property and casualty, reported $196m income in the fourth quarter 2018 from continuing operations, after tax.

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