The New Three-Story, 96,000-Square-Foot Facility in Maple Grove
Houses Nearly 600 Employees with Room for Future Growth
MAPLE GROVE, Minn., April 5 /PRNewswire-FirstCall/ -- The Hartford
Financial Services Group, Inc. (NYSE: HIG), as part of an effort to keep pace
with its rapidly growing individual life insurance business, today unveiled
its new 96,733-square-foot operations center for nearly 600 employees.
The three-story facility is now home to employees who handle underwriting,
policy administration and processing, human resources, legal, information
technology, as well as sales and marketing for The Hartford's Middle America
business. Employees moved to the new facility from The Hartford's offices in
Plymouth, which will continue to house employees who support some IT and
project management functions.
Minnesota Commissioner of Commerce Glenn Wilson, Maple Grove Mayor Mark
Steffenson, and Hartford Life President and Chief Operating Officer Tom Marra
were on hand to mark the opening of the new facility.
"We decided to open our new Maple Grove facility to accommodate the
continued growth of The Hartford's individual life insurance business," Marra
said. "Our operations center has contributed to that growth, and we see even
better days ahead.
"Maple Grove, with its proximity to the Twin Cities, the availability of a
skilled and educated workforce, and a business-friendly environment, is a
great choice for our new operations center," Marra said. "The Hartford has a
long tenure in Minnesota and we look forward to adding a new chapter to our
story here."
"We are excited about The Hartford's growing presence in Minnesota,"
Commissioner Wilson said. "We're very pleased that The Hartford has
recognized the great workforce talent and friendly business environment that
we have to offer."
"Maple Grove is one of the fastest growing communities in the Metro area
and we couldn't be more pleased that The Hartford chose to locate its
beautiful new facility here," Mayor Steffenson said. "The citizens of Maple
Grove applaud The Hartford's continued success and decision to become the
newest member of our corporate community."
Construction of the new facility, which includes a three-story glass-
fronted atrium and two wings of office space, began in April 2004. The
development and construction of the new facility was overseen by Ryan
Companies US, Inc.
The Hartford, through its issuing companies, is the No. 1 seller of
variable universal life insurance in the US, according to the 2004 Tillinghast
VALUE Survey. In addition, The Hartford sells universal life, whole life and
term life. All life insurance products are issued by Hartford Life Insurance
Co. and Hartford Life and Annuity Insurance Co.
With its headquarters in Hartford, Conn., The Hartford has approximately
30,000 employees located across the United States, Japan, Brazil, the United
Kingdom and Canada. Approximately 1,500 employees of The Hartford work in
Minnesota and are scattered among 11 different offices across the state.
The Hartford is one of the nation's largest financial services and
insurance companies, with 2004 revenues of $22.7 billion. The company is a
leading provider of investment products, life insurance and group benefits;
automobile and homeowners products; and business property-casualty insurance.
The Hartford is The Hartford Financial Services Group, Inc. and its
subsidiaries, including the issuing companies of Hartford Life Insurance
Company and Hartford Life and Annuity Insurance Company.
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 Quarterly Reports on Form 10-Q, our 2004 Annual Report on
Form 10-K 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.
Contact(s):
David Potter David Lafrennie
860-843-8993 860-843-6154
david.potter@hartfordlife.com david.lafrennie@hartfordlife.com
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