The Hartford Financial Services Group announced the appointment of Liam McGee as president of the company, the insurance giant said late Thursday.

McGee, who also serves as chairman and chief executive officer of The Hartford, steps into his additional role as the insurer comes off of a tumultuous period. The company reported a $710 million net income loss after the third quarter. McGee is currently preparing his strategy to right the company, which might include shoring up its businesses in the United Kingdom and Japan, according to a Bloomberg report.

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