Hartford strengthens its E&S position

Not long after Hartford CEO Christopher Swift said that mergers and acquisitions are one of many possible paths for the company to take to fuel growth going forward, the company is announcing its plans to acquire Northern Homelands Company, the holding company of Maxum Specialty Insurance Group, for $170 million. Bottom Line: Maxum Specialty will be managed as a separate unit within Hartford’s Small Commercial and will retain its brand and headquarters in Georgia.