The Hartford has promoted Beth Bombara, the company’s senior vice
president and corporate controller, to president of Life Runoff. In her
new role, Bombara will have responsibility for managing The Hartford’s
Life Other Operations reporting segment, which includes the legacy
annuity business that is in runoff. She will report directly to
Chairman, President and CEO Liam E. McGee and will also serve on the
company’s Executive Leadership Team.
Beth Bombara, The Hartford (Photo: Business Wire)
“Beth has played an integral leadership role at The Hartford and been
deeply involved in developing the company’s overall business and
strategic plan,” said McGee. “She also has a comprehensive understanding
of the opportunities and challenges of the legacy annuity business and
is well positioned to take on this critical role for the organization.
Reducing the size and risk of this business is an important part of our
overall strategic plan to focus on the property and casualty, group
benefits and mutual funds businesses and deliver greater value to
shareholders.”
In her previous position, Bombara oversaw corporate accounting and
policy and Wealth Management finance, and led the company’s finance
transformation program. She joined The Hartford in April 2004 and
previously served as vice president responsible for the company's
compliance with the internal control requirements under Section 404 of
the Sarbanes-Oxley Act. She was promoted to vice president and deputy
controller in 2005. In 2007 she was promoted to senior vice president
and controller. Prior to joining The Hartford, Bombara was a senior
manager in Deloitte & Touche LLP's audit practice and was a partner at
Arthur Andersen LLP.
A certified public accountant, Bombara earned a bachelor's degree in
business administration from Bryant University.
Bombara succeeds David Bedard, who was executive vice president of Life
Runoff reporting to Wealth Management president Dave Levenson. Bedard is
leaving the company to pursue other opportunities.
About The Hartford
The Hartford Financial Services Group Inc. (NYSE: HIG) is a leading
provider of insurance and wealth management services for millions of
consumers and businesses worldwide. The Hartford is consistently
recognized for its superior service, its sustainability efforts and as
one of the world's most ethical companies. More information on the
company and its financial performance is available at www.thehartford.com.
Join us on Facebook at www.facebook.com/TheHartford.
Follow us on Twitter at www.twitter.com/TheHartford.
HIG-C
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 2011 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.
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