The Hartford Announces New Leadership Appointments In Global Specialty
Michael Garrison named head of Wholesale and International; Rick Ciullo to lead U.S. Specialty Retail Businesses
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.
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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.
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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.
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