Shares of Hartford Financial Services Group Inc (NYSE:HIG) ended Wednesday session in green amid volatile trading. The shares closed up +0.52 points or 1.24% at $42.50 with 7.20 million shares getting traded. Post opening the session at $42.25, the shares hit an intraday low of $42.10 and an intraday high of $42.82 and the price vacillated in this range throughout the day. The company has a market cap of $16.38 billion and the numbers of outstanding shares have been calculated to be 387.92 million shares.
On September 9, 2016 The Hartford has hired John Wilcox as chief strategy and ventures officer, effective Sept. 12. In this newly created position, Wilcox will lead The Hartford’s efforts to identify and capitalize on new opportunities to drive growth through innovation and improve operating capabilities. He will report directly to Chairman and CEO Christopher Swift.
Wilcox brings nearly three decades of insurance industry experience to the new role, including four years at The Hartford where he held senior leadership positions in corporate strategy and Personal Lines.
“Establishing this role enables us to advance our strategy while maintaining our focus on strong day-to-day execution,” said Swift. “John is a proven leader with unique insight grounded in a deep understanding of our industry and company, and I am pleased to welcome him back to The Hartford.”
Since 2012, Wilcox has served as president and chief operating officer at Risk Strategies Company, a national insurance brokerage firm. Prior to joining The Hartford in 2008, Wilcox was a partner with McKinsey & Company. His career includes previous positions with Hyperion Capital Management, Deloitte & Touche Management Consulting and Marsh & McLennan.
He has a bachelor’s degree from Dartmouth College and a master’s of business administration from the University of Chicago.
Shares of MGIC Investment Corp. (NYSE:MTG) ended Wednesday session in green amid volatile trading. The shares closed up +0.05 points or 0.63% at $8.02 with 3.32 million shares getting traded. Post opening the session at $8.02, the shares hit an intraday low of $7.97 and an intraday high of $8.07 and the price vacillated in this range throughout the day. The company has a market cap of $2.71 billion and the numbers of outstanding shares have been calculated to be 340.64 million shares.
On Aug. 29, 2016 Mortgage Guaranty Insurance Corporation (MGIC), the principal subsidiary of MGIC Investment Corporation (MTG), mourns the loss of William H. Lacy, retired chairman and chief executive officer (CEO), who passed away on August 28, 2016 of respiratory failure.
On behalf of MGIC, non-executive chairman Curt Culver said:
“It is with great sadness that we announce the passing of my friend and colleague, Bill Lacy. His thoughtful leadership saw MGIC through tremendous changes, and helped shape the company into the industry leader that it remains to this day. On behalf of our Board of Directors, executive management team and employees, we mourn his loss and extend our deepest sympathies to his family.”
Mr. Lacy’s distinguished career with MGIC spanned 28 years, and he was admired and respected for his tenacity and drive. He was appointed president and CEO in 1987. Under his leadership, MGIC emphasized quality underwriting and outstanding customer service which resulted in strong growth in sales and long-term profits.