Hartford In Talks To Sell Most Of Life Unit To Sun Life-Bloomberg
05 March 2009 - 2:46AM
Dow Jones News
Hartford Financial Services Group Inc. (HIG) is in talks to sell most of its life insurance unit to Canada's Sun Life Financial Inc. (SLF), Bloomberg reported, citing three people with knowledge of the matter. An agreement may not be reached, the people said. Hartford also held separate talks with MetLife Inc. (MET) that ended last month. Hartford and Metlife declined to comment. Sunlife spokesman said the company is "actively looking at all potential opportunities" but wouldn't comment specifically on the Hartford talks.
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