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The Hartford Announces New Leadership Appointments In Global Specialty

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The Hartford announced key leadership changes in its Global Specialty division, effective Nov. 1. Michael Garrison's role has been expanded to include the International division alongside his current position as head of U.S. wholesale organization. Rick Ciullo has been appointed head of Global Specialty's U.S. retail businesses, extending his oversight beyond Bond and Credit & Political Risk to include Environmental, Financial Lines, Ocean Marine, and Livestock operations.

Both executives will report to Adrien Robinson, The Hartford's Head of Global Specialty. The restructuring aims to enhance innovation and better serve customers by organizing complementary business units into unified teams, focusing on distribution channels to respond quickly to market dynamics while maintaining customized solutions.

The Hartford ha annunciato cambiamenti chiave nella leadership della sua divisione Global Specialty, in vigore dal 1° novembre. Il ruolo di Michael Garrison è stato ampliato per includere la divisione Internazionale insieme alla sua attuale posizione di responsabile dell'organizzazione wholesale negli Stati Uniti. Rick Ciullo è stato nominato responsabile delle attività retail negli Stati Uniti di Global Specialty, ampliando la sua supervisione oltre Bond e Credit & Political Risk, per includere le operazioni in Environmental, Financial Lines, Ocean Marine e Livestock.

Entrambi gli executive riporteranno a Adrien Robinson, Head of Global Specialty di The Hartford. La ristrutturazione mira a promuovere l'innovazione e servire meglio i clienti organizzando unità aziendali complementari in team unificati, focalizzandosi sui canali di distribuzione per rispondere rapidamente alle dinamiche di mercato mantenendo soluzioni personalizzate.

The Hartford anunció cambios clave en el liderazgo de su división Global Specialty, efectivos a partir del 1 de noviembre. El papel de Michael Garrison se ha ampliado para incluir la división Internacional junto con su posición actual como jefe de la organización mayorista de EE. UU. Rick Ciullo ha sido nombrado jefe de los negocios minoristas de Global Specialty en EE. UU., ampliando su supervisión más allá de Bond y Credit & Political Risk para incluir operaciones en Environmental, Financial Lines, Ocean Marine y Livestock.

Ambos ejecutivos reportarán a Adrien Robinson, responsable de Global Specialty en The Hartford. La reestructuración tiene como objetivo mejorar la innovación y servir mejor a los clientes organizando unidades de negocio complementarias en equipos unificados, enfocándose en los canales de distribución para responder rápidamente a las dinámicas del mercado mientras se mantienen soluciones personalizadas.

하트포드는 11월 1일부터 글로벌 스페셜티 부서의 주요 리더십 변경 사항을 발표했습니다. 마이클 개리슨의 역할은 현재의 미국 도매 조직을 책임지는 위치 외에도 국제 부서를 포함하도록 확대되었습니다. 릭 치울로는 글로벌 스페셜티의 미국 소매 비즈니스 책임자로 임명되어 Bond 및 Credit & Political Risk를 넘어 환경, 금융 라인, 해양 운송 및 가축 운영을 포함하도록 그의 감독 범위를 확대합니다.

두 임원은 하트포드의 글로벌 스페셜티 책임자인 아드리안 로빈슨에게 보고합니다. 이 재편성은 혁신을 강화하고 고객에게 더 나은 서비스를 제공하기 위해 상호 보완적인 비즈니스 유닛을 통합 팀으로 조직하는 것을 목표로 하며, 시장 변화에 신속하게 대응하기 위해 유통 채널에 집중하면서 맞춤형 솔루션을 유지합니다.

The Hartford a annoncé des changements clés dans sa direction de la division Global Specialty, effectifs à partir du 1er novembre. Le rôle de Michael Garrison a été élargi pour inclure la division Internationale en plus de son poste actuel de responsable de l'organisation de gros aux États-Unis. Rick Ciullo a été nommé responsable des activités de détail aux États-Unis de Global Specialty, élargissant sa supervision au-delà de Bond et Credit & Political Risk pour inclure les opérations dans les domaines de l'Environnement, des Lignes Financières, de la Marine Océanique et de l'Élevage.

Les deux cadres rendront compte à Adrien Robinson, responsable de Global Specialty chez The Hartford. La restructuration vise à renforcer l'innovation et à mieux servir les clients en organisant des unités d'affaires complémentaires en équipes unifiées, en se concentrant sur les canaux de distribution pour répondre rapidement aux dynamiques du marché tout en maintenant des solutions personnalisées.

The Hartford hat Schlüsselveränderungen in der Führung seiner Global Specialty-Division bekannt gegeben, die am 1. November in Kraft treten. Michael Garrisons Rolle wurde erweitert, um die Internationale Division neben seiner aktuellen Position als Leiter der US-Großhandelsorganisation einzubeziehen. Rick Ciullo wurde zum Leiter der US-Einzelhandelsgeschäfte von Global Specialty ernannt, wodurch seine Aufsicht über Bond und Credit & Political Risk hinaus auf die Bereiche Umwelt, Finanzlinien, Ozean-Marine und Viehhaltung ausgeweitet wird.

Beide Führungskräfte berichten an Adrien Robinson, den Leiter von Global Specialty bei The Hartford. Die Umstrukturierung zielt darauf ab, Innovationen zu fördern und den Kunden besser zu dienen, indem komplementäre Geschäftsbereiche zu einheitlichen Teams organisiert werden, wobei der Fokus auf Vertriebskanälen liegt, um schnell auf Marktdynamiken zu reagieren und gleichzeitig maßgeschneiderte Lösungen beizubehalten.

Positive
  • Strategic reorganization to improve operational efficiency and market responsiveness
  • Consolidation of complementary business units under unified leadership
  • Enhanced ability to implement targeted technology solutions by distribution channel
Negative
  • None.

Michael Garrison named head of Wholesale and International; Rick Ciullo to lead U.S. Specialty Retail Businesses

HARTFORD, Conn.--(BUSINESS WIRE)-- The Hartford has expanded Michael Garrison’s role to include the International division, along with his current responsibilities as head of the company’s U.S. wholesale organization. Additionally, Rick Ciullo was named head of Global Specialty’s U.S. retail businesses. The new position broadens Ciullo’s current role overseeing Bond and Credit & Political Risk to also include Environmental, Financial Lines, Ocean Marine, Livestock and related retail-focused distribution.

Rick Ciullo (Photo: Business Wire)

Rick Ciullo (Photo: Business Wire)

The changes are effective Nov. 1. Both Garrison and Ciullo continue to report to The Hartford’s Head of Global Specialty, Adrien Robinson.

“These leadership appointments bring together complementary business units to enhance innovation and serve the growing needs of our customers and distribution partners with a full suite of products and risk solutions,” Robinson said. “Organizing Global Specialty into unified teams under Michael and Rick brings together deeply specialized business units to respond quickly to market dynamics while maintaining our ability to offer customized solutions by distribution channel.”

The Hartford’s Global Specialty business provides specialty insurance coverage to businesses of all sizes across a range of industries and around the world. Specialized insurance and risk solutions include Cyber, Bond, Environmental, Directors & Officers liability, Errors & Omissions liability, Ocean Marine, Credit & Political Risk, Livestock and many others.

Garrison joined Navigators in 2021 as the head of wholesale, focusing on setting the strategic direction, driving growth and managing relationships with the company’s wholesale distribution channel partners. Carl Bach, head of International and CEO of Hartford Underwriting Agency Limited, the Lloyd’s of London managing agency for Syndicate 1221, will report to Garrison.

Ciullo has led The Hartford’s Bond business since 2016, accelerating growth by providing surety products to companies of all sizes from small businesses to Fortune 500 companies. The leadership team of the businesses reporting to Ciullo remains unchanged.

Robinson added, “The insurance landscape is rapidly evolving, especially with technology-driven changes. Structuring around distribution channels will help Global Specialty remain innovative and adaptive, implementing new technologies, processes or products that are best suited for distinct customer needs. I am proud of the caliber of talent in the Global Specialty business, which is well positioned to meet challenges of this evolving landscape.”

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 recognized 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.

HIG-C

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.

From time to time, The Hartford may use its website and/or social media channels to disseminate material company information. Financial and other important information regarding The Hartford is routinely accessible through and posted on our website at https://ir.thehartford.com. In addition, you may automatically receive email alerts and other information about The Hartford when you enroll your email address by visiting the “Email Alerts” section at https://ir.thehartford.com.

Media:

Matthew Sturdevant

860-547-8664

matthew.sturdevant@thehartford.com



Investor:

Susan Spivak Bernstein

860-547-6233

susan.spivak@thehartford.com

Source: The Hartford

FAQ

What changes did The Hartford (HIG) announce in its Global Specialty leadership?

The Hartford announced Michael Garrison will lead Wholesale and International divisions, while Rick Ciullo will head Global Specialty's U.S. retail businesses, effective November 1.

What business units will Rick Ciullo oversee at The Hartford (HIG)?

Rick Ciullo will oversee Bond, Credit & Political Risk, Environmental, Financial Lines, Ocean Marine, Livestock and related retail-focused distribution businesses.

When do The Hartford's (HIG) new leadership appointments take effect?

The new leadership appointments take effect on November 1.

The Hartford Financial Services Group, Inc.

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