Hartford gets $3.4 billion in TARP funds

06-12-2009 • Reuters

Hartford Financial Services Group Inc said it will take as much as $3.4 billion of federal bailout money and sell up to $750 million of common stock to bolster capital after large losses on investments.

The 199-year-old life and property insurer announced its plans after saying Chairman and Chief Executive Ramani Ayer will retire by the end of the year.

 

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