The Hartford Purchases $247.5 Million In Collateralized Catastrophe Reinsurance From Foundation Re II

The Hartford Financial Services Group, Inc., one of the nation’s leading providers of investment and insurance products, announced today that it has purchased $247.5 million in multi-year, collateralized reinsurance from Foundation Re II Ltd., a special purpose reinsurance company incorporated in the Cayman Islands. Foundation Re II financed the reinsurance through the issuance of risk-linked securities to the capital markets.

The Hartford Purchases $247.5 Million In Collateralized Catastrophe Reinsurance From Foundation Re II
Source: dBusiness News
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