M&A Deal Summary

The Hartford Financial Services Group Acquires Maxum Specialty Insurance Group

On March 16, 2016, The Hartford Financial Services Group acquired insurance company Maxum Specialty Insurance Group for 170M USD

Acquisition Highlights
  • This is The Hartford Financial Services Group’s 1st transaction in the Insurance sector.
  • This is The Hartford Financial Services Group’s 3rd largest (disclosed) transaction.
  • This is The Hartford Financial Services Group’s 1st transaction in the United States.
  • This is The Hartford Financial Services Group’s 1st transaction in Georgia.

M&A Deal Summary

Date 2016-03-16
Target Maxum Specialty Insurance Group
Sector Insurance
Buyer(s) The Hartford Financial Services Group
Deal Type Add-on Acquisition
Deal Value 170M USD

Target

Maxum Specialty Insurance Group

Alpharetta, Georgia, United States
Maxum Specialty Insurance Group is a provider of insurance services.

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Buyer(S) 1

Buyer

The Hartford Financial Services Group

Hartford, Connecticut, United States

Category Company
Founded 1810
Sector Insurance
Employees18,700
Revenue 26.4B USD (2024)
DESCRIPTION

The Hartford Financial Services Group is a provider of property and casualty insurance, group benefits and mutual funds. The Hartford Financial Services Group was founded in 1810 and is based in Hartford, Connecticut.


DEAL STATS #
Overall 1 of 4
Sector (Insurance) 1 of 4
Type (Add-on Acquisition) 1 of 2
State (Georgia) 1 of 1
Country (United States) 1 of 4
Year (2016) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-27 Hartford Financial - Insurance Arm

United States

Hartford Financial's insurance business offers life insurance policies.

Sell $615M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-26 Downlands Liability Management

Worthing, United Kingdom

Downlands Liability Management Ltd. is a provider of full range of insurance services.

Sell -