HARTFORD, Conn. - The Hartford Financial Services Group said Monday it has bought Reliance Group Holdings Inc.'s financial services and excess and surplus lines.
Reliance, of New York, said the deal was negotiated before Leucadia National Corp. announced last month that it would buy Reliance for $293 million. It did not give the price of the Hartford deal.
Richard J. Quagliaroli, president of commercial operations at The Hartford, said the purchased divisions' 100 employees in New York will be merged into Hartford Specialty Co. but stay in New York.
