Talcott Resolution

Talcott Resolution Life Insurance Company (NAIC 88072) is the modern identity of a legacy Hartford life and annuity platform. California regulator records show the entity previously operated under Hartford-branded names, including "Hartford Life Insurance Company" before adopting the Talcott Resolution name in 2018.[1] The Hartford announced in December 2017 that it entered an agreement to sell Talcott Resolution, its run-off life and annuity businesses, to an investor group.[2]

That transaction closed in 2018. Talcott's own announcement describes becoming an independent company after acquisition by an investor group led by Cornell Capital and others.[3] In the closing release, Cornell Capital noted an expectation to reinsure approximately $9 billion of certain annuity, payout, and structured settlement business with a subsidiary of Global Atlantic, illustrating how reinsurance can be central to managing legacy blocks.[4]

Reinsurance has remained part of the model: Allianz Life announced a reinsurance agreement involving affiliates including Talcott Resolution for a $35 billion fixed index annuity portfolio.[5] Talcott's long-term opportunity has been turning complex in-force liabilities into a specialty business where capital, asset strategy, administration, and risk transfer are core competencies - especially when low-rate environments pressure spreads and reserving requirements evolve.[2][3][4] Run-off specialists often find opportunity precisely where others see complexity: by focusing on in-force administration, asset strategy, and reinsurance, they can create value without relying on high new-sales volumes.

Sources: [1] https://interactive.web.insurance.ca.gov/companyprofile/companyprofile?doFunction=getCompanyProfile&event=companyProfile&naic=88072 ; [2] https://newsroom.thehartford.com/newsroom-home/news-releases/news-release-details/2017/The-Hartford-Announces-Agreement-To-Sell-Talcott-Resolution/default.aspx ; [3] https://talcott.com/articles/investor-group-completes-acquisition-of-talcott-resolution-from-the-hartford/ ; [4] https://cornellcapllc.com/wp-content/uploads/2018/10/FINAL-Cornell.-Talcott-Closing-Release-00990045xA26CA.pdf ; [5] https://www.allianz.com/content/dam/onemarketing/azcom/Allianz_com/press/document/Allianz-Life-enters-reinsurance-agreement_EN.pdf