The Hartford nears decision on Talcott sale

The Hartford is preparing to take a decision on whether to dispose
of its $4.4bn variable annuity business Talcott Resolution and
reposition itself as a non-life insurer, after final bids for the
unit were submitted late last month, The Insurance
Insider understands.
Sources told this publication that final-round bidders for the
variable annuity run-off book included Resolution, which has
backing from private equity titan Blackstone; Bob Diamond's
Atlas Merchant Capital; and Wilton Re, which is