Hartford Insurance Group Inks Reinsurance Commutation And Release Agreement With National Indemnity Company To Commute And Terminate Aggregate Excess Of Loss Reinsurance Agreement; Commutation Agreement Resolves Confidential Arbitration Dispute Under Reinsurance Agreement; Hartford Fire Insurance Receives $1.12B Cash Payment

Hartford Insurance Group has entered into a reinsurance commutation and release agreement with National Indemnity Company, which will terminate their aggregate excess of loss reinsurance agreement. This agreement resolves a confidential arbitration dispute related to the reinsurance agreement. As part of the settlement, Hartford Fire Insurance will receive a cash payment of $1.12 billion.