Ace Could Bid for Hartford Group's Property Business

Ace Ltd. has emerged as a possible bidder to acquire the property and casualty business of The Hartford Financial Services Group Inc., a US-based diversified insurance and financial services giant, according to a report by Bloomberg.

Bloomberg reported that Allianz SE, Munich Re Group, MetLife Inc., and The Travelers Companies Inc. are also considered as a possible bidders for the insurance business. Citigroup, Inc. estimated that the business could worth around $4 billion to $8 billion. Hartford has retained Goldman Sachs to manage the sale process.

Ace Could Bid for Hartford Group's Property Business
Source: Royal Gazette