The Hartford to buy E&S carrier Maxum for $170mn

The Hartford has agreed a deal to buy excess and surplus lines
(E&S) carrier Maxum Specialty Insurance Group for $170mn in
cash.
The Insurance Insider revealed in
December last year that Atlanta-based Maxum had been put up for
sale, with financial adviser Evercore running the process.
And in a statement after markets closed in New York today (16
March), US insurance giant The Hartford said it had entered into an
agreement to buy the carrier's parent, Northern Homelands
Company.
The...