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Hartford selling unit to UnitedHealth


Published : Tue, 06 Mar 2007 23:29
By : Agencies
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NEW YORK (AP) - Hartford Financial Services Group Inc. said Tuesday it will sell its medical stop loss insurance business to National Benefit Resources Inc., a subsidiary of UnitedHealth Group Inc.

Terms of the deal were not disclosed. Hartford Financial said all 102 employees at the business will be offered positions at National Benefit Resources.

Shares of Hartford Financial rose $1.69 to close at $95.63 on the New York Stock Exchange.

Shares of UnitedHealth rose $1.02 to close at $53.98 on the NYSE.

Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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