Hartford Financial (HIG) Introduces Insurance Product Line

The Hartford Financial Services Group, Inc. (NYSE:HIG) has introduced an array of credit and political risk insurance products, which can be used by financial institutions, corporations and private equity firms with international exposure to manage credit and political risks.

The company’s operations in the emerging markets, exposes it to a lot of risks like acts of expropriation or confiscation of assets by a foreign government, which are not generally covered under a company’s insurance policies. The addition of credit and political risk insurance to its portfolio enables Hartford Financial to enrich the relations of customers, who operate internationally.

The tailor-made insurance solutions can help ensuring the company’s clients an access to the required insurance policies that in turn, will assist to protect their business interests around the globe. This is especially designed for business houses involved in trade and export finance. This policy aids corporations and private equity firms with global presence to protect overseas investments and assets from political threats including political aggression, elimination of lands and properties, currency non-convertibility and breach of contract.

With the help of this unique product-line, the financial organizations can get regulatory monetary support for the insured portions of their risk-related exposures.

The company has been constantly putting in efforts to enhance customer experience and safeguard their interests and this is yet another step in that direction.

Shares of this Zacks Rank #3 (Hold) company have lost 25.2% in a year’s time, wider than its industry’s decline of 21.1%.

Key Picks

Investors interested in the insurance-multiline industry might take a look at a few better-ranked stocks like MGIC Investment Corporation (NYSE:MTG) , Old Republic International Corporation (NYSE:ORI) and MetLife, Inc. (NYSE:MET) , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.

MGIC Investment Corporation offers private mortgage insurance and ancillary services to lenders and government sponsored entities in the United States. It came up with average four-quarter positive surprise of 34.32%.

Old Republic engages in the insurance underwriting and related services business, primarily in the United States and Canada. The company managed to pull off average trailing four-quarter earnings surprise of 15.66%.

MetLife provides solutions to insurance, annuities, employee benefits and asset management businesses. It delivered average four-quarter beat of 9.67%.

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