Hartford agrees to buy Equitable employee benefits unit - HIG News | RalliesHartford agrees to buy Equitable employee benefits unit
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HIG• The Hartford to buy Equitable employee benefits business
- The Hartford agreed to buy Equitable’s Employee Benefits business, adding about $500 million of premium focused on small and midsize employers.
- Closing targeted for the fourth quarter, subject to customary closing conditions.
- Deal includes the unit’s benefits technology platform, aimed at unified digital capabilities and real-time API integrations.
- About 300 employees supporting the business are expected to join The Hartford at closing.
- Financial terms were not disclosed.
