The Hartford Names Shekar Pannala Chief Information Officer For Property & Casualty

Rhea-AI Summary

The Hartford has appointed Shekar Pannala as the chief information officer for Property & Casualty, effective March 13. In this newly created role, Pannala will oversee technology for Personal Lines, Small Commercial, and Middle & Large Commercial businesses, reporting to the company’s CIO Deepa Soni. With over 30 years of experience, including roles at Chubb and S&P Global, Pannala's expertise is expected to drive digital transformation efforts. This strategic move aims to enhance The Hartford's technology capabilities as it pursues an aggressive tech agenda aimed at improving customer experience and operational efficiency.

Positive

• Appointment of Shekar Pannala as CIO for Property & Casualty to enhance technology leadership.
• Pannala's extensive experience from Chubb and S&P Global adds valuable expertise.
• Focus on advancing technology in Personal Lines, Small Commercial, and Middle & Large Commercial sectors.

Negative

• None.

HARTFORD, Conn.--(BUSINESS WIRE)-- The Hartford has named Shekar Pannala chief information officer (CIO) for Property & Casualty, effective March 13. In this newly created role, Pannala will lead technology across the company’s Personal Lines, Small Commercial and Middle & Large Commercial businesses. He will report to The Hartford’s Chief Information Officer Deepa Soni, who leads technology, data, analytics and cyber security across the enterprise.

The Hartford has named Shekar Pannala chief information officer for Property & Casualty. In this newly created role, Pannala will lead technology across the company’s Personal Lines, Small Commercial and Middle & Large Commercial businesses. He will report to The Hartford’s Chief Information Officer Deepa Soni, who leads technology, data, analytics and cyber security across the enterprise. (Photo: Business Wire)

“We’re excited to have Shekar as part of our technology leadership team. His blend of executive management and technology expertise across the financial services and insurance industries make him uniquely suited as The Hartford pursues its aggressive technology agenda,” said Soni. “We are on a mission to bring the power and scale of leading-edge technologies to shape the future of insurance for our customers. Shekar’s impressive credentials in technology delivery, customer experience and digital transformation, will help accelerate our digital transformation in the property and casualty business,” Soni said.

Pannala’s broad technology experience was built over a 30-year career of increasing responsibility. Most recently, he served as the global CIO of Chubb where he was responsible for technology across the enterprise. Before Chubb, Pannala was chief technology officer at S&P Global. He also held senior management roles at BNY Mellon, where he was executive vice president and divisional chief information officer responsible for asset servicing technology.

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 2022 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 outlets, such as Twitter and Facebook, 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230314005106/en/

Media Contact:

Suzanne Barlyn

860-547-4986

suzanne.barlyn@thehartford.com

Source: The Hartford

FAQ

Who is the new chief information officer of The Hartford as of March 13, 2023?

Shekar Pannala has been appointed as the chief information officer of The Hartford's Property & Casualty division.

What is the focus of Shekar Pannala's role at The Hartford?

Pannala will lead technology across Personal Lines, Small Commercial, and Middle & Large Commercial businesses.

What is Shekar Pannala's background before joining The Hartford?

Pannala previously served as the global CIO of Chubb and held roles at S&P Global and BNY Mellon.

What date was the new CIO of The Hartford announced?

The announcement was made effective March 13, 2023.

What is The Hartford's stock symbol?

The Hartford's stock symbol is HIG.