The Hartford Expands Asia Presence With New Service Company In Singapore Through Its Lloyd’s Syndicate 1221

January 07, 2025

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The Hartford Singapore to underwrite Financial Lines and Credit & Political Risks coverage

HARTFORD, Conn., Jan. 7, 2025 - The Hartford has opened a new service company in Singapore, extending its expertise to one of the world's largest commercial wholesale markets through its Lloyd's Syndicate 1221 and expanding its presence in Asia. The Hartford has named Zhenghong Pan to lead the service company.

"Our new service company in Singapore broadens The Hartford's reach across the Asia market and enhances our support to customers and brokers conducting business around the globe," said Carl Bach, head of International and CEO of Hartford Underwriting Agency Limited, the Lloyd's managing agency for Syndicate 1221. "Our customers and brokers in Asia will have access to our growing team of specialised underwriters and claims personnel who possess a deep technical knowledge of the unique and complex risks placed in Singapore. I'm thrilled that Zhenghong will be leading the service company, bringing his deep understanding of the Asia market and underwriting excellence within the Financial Lines sector."

The Hartford's Lloyd's Syndicate 1221 has been established in Asia for more than 13 years, with existing service companies in Hong Kong and Shanghai. The newly launched Singapore operation will initially focus on underwriting Financial Lines and Credit & Political Risks coverage. Over time, The Hartford will expand its product offerings across a variety of industries to provide more risk solutions to customers.

"We're delighted to play our part in what is both an incredibly important milestone for The Hartford and the Lloyd's Asia platform. Expansion of underwriting capabilities further bolster the capacity, expertise and talent in Singapore, improving market access and ultimately providing a better service to our customers," said Emma Loynes, chief executive officer of Lloyd's Asia.

Pan joined The Hartford in November, 2024 from AXA XL in Singapore, where he led a team of underwriters and managed the financial lines portfolio. Pan's leadership was instrumental in developing key market relationships and business strategies. Additionally, Pan served on AXA XL's Singapore Executive Committee.

"It's an honour to lead The Hartford Singapore and further expand the company's international reach," Pan said. "We aim to create an extraordinary experience for our brokers and customers, allowing them access to invaluable services such as our economic and geopolitical research team."

Lloyd's Syndicate 1221 is a key part of The Hartford's Global Specialty business, which provides specialty insurance coverage to businesses of all sizes across a range of industries and around the world. Specialised insurance and risk solutions include Marine & Energy, Financial Lines, Casualty, and Credit & Political Risks.

About The Hartford

The Hartford is a leader in property and casualty insurance, group benefits and mutual funds. With more than 200 years of expertise, The Hartford is widely recognised for its service excellence, sustainability practices, trust and integrity. More information on the company and its financial performance is available at https://www.thehartford.com.

The Hartford Financial Services Group, Inc., (NYSE: HIG) operates through its subsidiaries under the brand name, The Hartford, and is headquartered in Hartford, Connecticut. For additional details, please read The Hartford's legal notice.

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Some of the statements in this release may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. We caution investors that these forward-looking statements are not guarantees of future performance, and actual results may differ materially. Investors should consider the important risks and uncertainties that may cause actual results to differ. These important risks and uncertainties include those discussed in our 2023 Annual Report on Form 10-K, subsequent Quarterly Reports on Forms 10-Q, and the other filings we make with the Securities and Exchange Commission. We assume no obligation to update this release, which speaks as of the date issued.

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Media Contact:
Suzanne Barlyn
860-547-4986
[email protected]

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