The industry is abuzz with reactions after yesterday’s news of The Hartford’s decision to place its individual annuity business into run off and pursue divestiture options for individual life, Woodbury Financial Services and retirement plans.
Paulson & Co. Inc., an investment management firm run by hedge fund manager John Paulson—who publicly demanded in February that the Hartford Financial Services Group Inc. (HFSG) break itself into two companies—released a statement that made it clear that the company's immediate actions do not address what Paulson called the carrier’s "undervaluation" issues:
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