The Hartford

Underwriting profits within the insurer’s personal lines unit dropped to $45mn from $154mn the year before.

The executive will report directly to the carrier’s head of global specialty Adrien Robinson.

Commercial lines loss ratios may move slightly higher, while personal auto carriers see the light at the end of the loss-cost tunnel.

The vote was part of ongoing bankruptcy proceedings following a string of historical sexual abuses.

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The higher level of repurchases seen in Q3 will likely last longer than expected.

Adrien Robinson, who took over for Vince Tizzio as the head of The Hartford’s specialty brand Navigators in June, also said his unit was planning its second biggest hiring spree in over a decade.

The firm showed optimism for the future, but are recent gains the new normal or a temporary positive blip?

The dispute will be discussed next month at a Delaware bankruptcy court hearing.

The Hartford’s CEO Christopher Swift said the authorization to increase the firm’s share repurchase program by $500mn during the third quarter of 2021 shows confidence in the business.

The segment fell to a $17mn underwriting loss, despite higher earned premiums and an improved underlying loss ratio.